Indian Market Outlook: July 23, 2021

NIFTY is likely to open neutral.

It is likely to remain between our short term levels.

NIFTY short term support is between 15570-15620 and resistance is between 15870-15920.

BANKNIFTY short term support is between 34350-34450 and resistance is between 35270-35370.

Max pain for NIFTY has increased to 15800.

Max pain for BANKNIFTY has increased to 34900.

Max pain for USDINR has decreased to 74.50.

Can look for Long CALL/Short PUT on drop.

Last Trading Day's Highlights for us:

1. Weekly BANKNIFTY option strategy positional trades: None.
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.

Today's Trading Plan:
Initiate BANKNIFTY weekly positional trades.
Reduce risk exposure for monthly positional trades.

Upcoming Events:

Live Trading Session (Online):

Workshop (Mumbai):


More info:
1. Moneycontrol Interview: 
2. Elearnmarkets Face2Face Interview: 
3. Interview: 

Trade setup:

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