Indian Market Outlook: June 14, 2021

 

NIFTY is likely to open negative.

It is likely to remain between our short term levels.


NIFTY short term support is between 15550-15600 and resistance is between 15850-15900.


BANKNIFTY short term support is between 34630-34730 and resistance is between 35500-35600.


Max pain for NIFTY has increased to 15800.

Max pain for BANKNIFTY is same at 35000.

Max pain for USDINR is same at 73.00.


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. Monthly Stock option strategy positional trades: Under control.
3. Monthly Stock Covered CALL positional trades: Under control.
4. Monthly NIFTY Covered CALL positional trades: Under control.






Trade setup:

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