Trading-Options

Indian Market Outlook: March 17, 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 14740-14790 and resistance is between 15240-15290.

BANKNIFTY short term support is between 34400-34500 and resistance is between 36000-36100.

Max pain for NIFTY remains same at 15000.

Max pain for BANKNIFTY has decreased to 35000.

Max pain for USDINR remains same at 72.75.

Can look for Long CALL/Short PUT on drop.

Last Trading Day’s Highlights for us:
1. Weekly BANKNIFTY option strategy positional trades: Under control.
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

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Trade setup:

https://www.moneycontrol.com/news/business/stocks/options-trade-a-low-risk-options-strategy-in-dr-reddys-laboratories-6654791.html

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