Indian Market Outlook: May 17, 2021

NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 14580-14630 and resistance is between 14850-14900.

BANKNIFTY short term support is between 31980-32080 and resistance is between 33150-33250.

Max pain for NIFTY has decreased to 14700.

Max pain for BANKNIFTY has decreased to 32400.

Max pain for USDINR remains same at 73.50.

Can look for Short CALL/Long PUT on rally.

Last Trading Day's Highlights for us:

1. Weekly BANKNIFTY option strategy positional trades: Initiated.

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:

Live Trading Session (Online):

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

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-a-slightly-aggressive-earnings-based-options-strategy-in-federal-bank-6897521.html