NIFTY is likely to open negative..
It is likely to remain negative to siedways in the later part of the day.
NIFTY short term support is between 12140-12190 and resistance is between 12280-12320.
BANKNIFTY short term support is between 31860-31960 and resistance is between 32520-32620.
Rally can be shorted.
Last Trading Day's Highlights for us:
1. All stock option strategy positional trades are in control. However one is in RED.
2. All weekly BANKNIFTY positional strategy trades were closed in GREEN, except one.
3. Intraday trades were closed in RED.
4. Market outlook went wrong, although levels were respected.
5. Coming weekend (Jan 4-5), we will be in Option Symposium 2.0 at BSE.
6. Upcoming Option strategy workshop is planned in Bengaluru on Jan 11-12.
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