Indian Market Outlook: April 09, 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 8640-8690 and resistance is between 9080-9130.

BANKNIFTY short term support is between 18480-18580 and resistance is between 20500-20600.

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 control.
4. Intraday trades - None
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.
8. OpStrater shows "Expected Trend" and "Expected S/R". This will help us while planning trade.
9. Options Strategy Trading workshops are planned in Mumbai and Bengaluru.





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