Indian Market Outlook: June 24, 2021

 


NIFTY is likely to open positive.

It is likely to remain between our short term levels.


NIFTY short term support is between 15560-15610 and resistance is between 15850-15900.


BANKNIFTY short term support is between 34210-34310 and resistance is between 35180-35280.


Max pain for NIFTY is same at 15700.

Max pain for BANKNIFTY has decreased to 34700.

Max pain for USDINR is same at 74.25.


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






Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-wide-range-earnings-based-options-strategy-in-ashok-leyland-7078951.html



No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Pages