Indian Market Outlook: Mar 13, 2020


NIFTY is likely to open negative (Gap Down).
It is likely to remain negative in the later part of the day.

NIFTY short term support is between 8700-8750 and resistance is between 9500-9550.

BANKNIFTY short term support is between 21500-21600 and resistance is between 23400-23500.

Can look for short opportunity on rally.


Last Trading Day's Highlights for us:
1. Monthly NIFTY option strategy positional trades closed in RED..
2. Monthly BANKNIFTY option strategy positional trades closed in RED.
3. Monthly Currency option strategy positional trades are in RED, needs adjustments.
4. Monthly Stock option strategy positional trades are in RED, needs adjustments.
5. Intraday trades - RED.
6. Next Otions Strategy workshops are in April.



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