NIFTY is likely to open neutral.
It is likely to remain sideways to negative in the later part of the day.
NIFTY short term support is between 122030-12270 and resistance is between 12370-12410.
BANKNIFTY short term support is between 31340-31440 and resistance is between 32060-32160.
Can go short on rally.
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.
3. Intraday trades were closed in GREEN.
4. Be ready for elarnmarkets.com's webinar on Jan 18, between 3:00 PM to 5:00 PM.
5. Upcoming Option strategy workshop is planned in Delhi on Feb 1-2.
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