Indian Market Outlook: May 19, 2021


NIFTY is likely to open negative.

It is likely to remain between our short term levels.


NIFTY short term support is between 14890-14940 and resistance is between 15120-15170.


BANKNIFTY short term support is between 33400-33500 and resistance is between 34250-34350.


Max pain for NIFTY has increased to 15000.

Max pain for BANKNIFTY has increased to 33500.

Max pain for USDINR has decreased to 73.25.


Can look for Short PUT/Long CALL on drop.


Last Trading Day's Highlights for us:

1. Weekly BANKNIFTY option strategy positional trades: Adjusted.
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





More info:
1. Moneycontrol Interview: 
2. Elearnmarkets Face2Face Interview: 
3. Interview: 
4. QuantsApp Option Expert Series: 


Trade setup:

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