Indian Market Outlook: April 16, 2021

 

NIFTY is likely to open neutral.

It is likely to remain between our short term levels.

NIFTY short term support is between 14380-14430 and resistance is between 14650-14700.

BANKNIFTY short term support is between 31360-31460 and resistance is between 32400-32500.

Max pain for NIFTY has remains same at 14500.

Max pain for BANKNIFTY has increased to 32000.

Max pain for USDINR has remains same at 75.00.

Can look for Short PUT/Long CALL on drop or near short term support zone.

Last Trading Day's Highlights for us:

1. Weekly BANKNIFTY option strategy positional trades: Closed in GREEN.

2. Weekly NIFTY option strategy positional trades: None

3. Monthly NIFTY option strategy positional trades: None

4. Monthly Stock option strategy positional trades: Under control.

5. Monthly Currency option strategy positional trades: None

Upcoming Events:

Workshop (Mumbai and Bengaluru):

http://www.pasitechnologies.com/p/training.html

Prerequisite: 

http://www.pasitechnologies.com/p/prerequisite.html

More info:

1. Moneycontrol Interview: 

https://www.moneycontrol.com/news/business/moneycontrol-research/a-part-time-trader-who-uses-time-and-risk-management-successfully-at-his-job-and-in-the-market-2774651.html

2. Elearnmarkets Face2Face Interview: 

https://www.youtube.com/watch?v=--Ku2hhFL1M

3. Interview: 

https://www.mainebolatha.in/2020/05/santosh-pasi-person-who-takes-option-trading-to-the-next-levels.html

4. QuantsApp Option Expert Series: 

https://www.quantsapp.com/option-expert-series-5/

Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-an-earnings-based-options-strategy-for-mindtree-6775091.html