Indian Market Outlook: April 08, 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 8500-8550 and resistance is between 8990-9040.

BANKNIFTY short term support is between 18170-18270 and resistance is between 19400-19500.

Can look for short opportunity on rally.


Last Trading Day's Highlights for us:

1. Monthly Currency option strategy positional trades - None.
2. Monthly Stock option strategy positional trades - None.
3. Weekly BANKNIFTY option strategy positional trades are in RED.
4. Intraday trades closed in RED.
5. We have recently released updated version of our tools OptionsOracle and OpStater.
6. OptionsOracle now even shows POP (Probability of Profit).
7. OptionsOracle Advanece along with POP shows Greek Ratio details like Delta/Theta, Vega/Theta & Gamma/Theta.



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