Indian Market Outlook: April 5, 2021

NIFTY is likely to open neutral.

It is likely to remain between our short term levels.

NIFTY short term support is between 14660-14710 and resistance is between 15010-15060.

BANKNIFTY short term support is between 33120-33220 and resistance is between 34300-34400.

Max pain for NIFTY has increased to 14800.

Max pain for BANKNIFTY has remained same at 33700.

Max pain for USDINR has remained samt at 73.25.

Can look for Long PUT/Short CALL on rally.

Last Trading Day's Highlights for us:

1. Weekly BANKNIFTY option strategy positional trades: Closed in RED.

2. Weekly NIFTY option strategy positional trades: None

3. Monthly NIFTY option strategy positional trades: None

4. Monthly Stock option strategy positional trades: None

5. Monthly Currency option strategy positional trades: None

Upcoming Events:

Workshop (Delhi and Mumbai):

http://www.pasitechnologies.com/p/training.html

Prerequisite: 

http://www.pasitechnologies.com/p/prerequisite.html

More info:

1. Moneycontrol Interview: 

https://www.moneycontrol.com/news/business/moneycontrol-research/a-part-time-trader-who-uses-time-and-risk-management-successfully-at-his-job-and-in-the-market-2774651.html

2. Elearnmarkets Face2Face Interview: 

https://www.youtube.com/watch?v=--Ku2hhFL1M

3. Interview: 

https://www.mainebolatha.in/2020/05/santosh-pasi-person-who-takes-option-trading-to-the-next-levels.html

4. QuantsApp Option Expert Series: 

https://www.quantsapp.com/option-expert-series-5/

Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-wide-range-non-directional-strategy-in-bank-nifty-6727641.html