Indian Market Outlook: August 11, 2021

NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 16100-16150 and resistance is between 16350-16400.

BANKNIFTY short term support is between 35320-35420 and resistance is between 36400-36500.

Max pain for NIFTY is same at 16250.

Max pain for BANKNIFTY is same at 36000.

Max pain for USDINR has increased 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..

Algo Trading:

BANKNIFTY strategies trades: Under control.

Today's Trading Plan (manual):

Manage open positions.

Upcoming Events:

Live Trading Session (Online):



More info:

1. Moneycontrol Interview:

2. Elearnmarkets Face2Face Interview:

3. Interview:

 Trade setup:

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