Indian Market Outlook: Jan 06, 2020

NIFTY is likely to open negative..
It is likely to remain negative to sideways in the later part of the day. 
NIFTY short term support is between 12100-12140 and resistance is between 12280-12320.

BANKNIFTY short term support is between 31620-31720 and resistance is between 32420-32520.

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 are in control.
3. No Intraday trades, missed opportunity to entry, later didn't forced.
4. Option Symposium 2.0 at BSE was great event and well structured.
5. Tom Sisnoff's (Tastytrade) presentation convinced us that what we are doing is absolutely correct.
6. Shumbham Agarwal's presentation has provided new idea to look into bit of direction. I may incorporate those ideas.
7. Rajesh Baheti and Srikanth Iyengar presented were great, it shows their experience in the market.
8. Bhavin Desai's presentation has given idea for opening and BTST/STBT setup.
9. My presentation went well and it was very interactive one.
10. Upcoming Option strategy workshop is planned in Bengaluru on Jan 11-12.

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