Indian Market Outlook: Jan 07, 2020

NIFTY is likely to open positive.
It is likely to remain positive to sideways in the later part of the day. 

NIFTY short term support is between 11930-11970 and resistance is between 12220-12260.

BANKNIFTY short term support is between 30980-31080 and resistance is between 32020-32120.

Can go long on drop.

Last Trading Day's Highlights for us:
1. All stock option strategy positional trades are in control. However one is in RED. 
2. For RED stock option strategy postration trade, we have done adjustment.
3. All weekly BANKNIFTY positional strategy trades are in control. For all trades, we rolled down CALLs.
4. No Intraday trades, missed opportunity to entry, later didn't forced.
5. We are working on updating OptionsOracle and OpStrater. Hopefully in 1-2 days, we will release updates.
6. Upcoming Option strategy workshop is planned in Bengaluru on Jan 11-12.

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