Trading-Options

Indian Market Outlook: March 08, 2021

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NIFTY is likely to open neutral.

It is likely to remain between our short term levels.

NIFTY short term support is between 14800-14850 and resistance is between 15160-15210.

BANKNIFTY short term support is between 34820-34920 and resistance is between 35780-35880.

Max pain for NIFTY has reduced to 15000.

Max pain for BANKNIFTY has reduced to 35900.

Max pain for USDINR remains same at 73.00.

Can look for Long PUT/Short CALL on rally.

Last Trading Day’s Highlights for us:
1. Weekly BANKNIFTY option strategy positional trades: Initiated.
2. Weekly NIFTY option strategy positional trades: None
3. Monthly NIFTY option strategy positional trades: None
4. Monthly Stock option strategy positional trades: Under control.
5. Monthly Currency option strategy positional trades: None

Upcoming Events:
Workshop (Chennai):
Prerequisite: 

More info:
1. Moneycontrol Interview: 
2. Elearnmarkets Face2Face Interview: 
3. Interview: 
4. QuantsApp Option Expert Series: 

Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-slightly-aggressive-options-strategy-in-the-rec-ltd-6616471.html

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