Indian Market Outlook: July 29, 2021

NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 15500-15500 and resistance is between 15890-15940.

BANKNIFTY short term support is between 34120-34220 and resistance is between 35270-35370.

Max pain for NIFTY has decreased to 15700.

Max pain for BANKNIFTY has decreased to 34500.

Max pain for USDINR is same at 74.50.

Can look for Long PUT/Short CALL on rally.

Last Trading Day's Highlights for us:

1. Weekly BANKNIFTY option strategy positional trades: Adjusted.
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:
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:

No comments:

Post a Comment

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