Indian Market Outlook: July 30, 2020


NIFTY is likely to open neutral.
It is likely to remain between our short term levels.

NIFTY short term support is between 10980-11030 and resistance is between 11350-11400.

BANKNIFTY short term support is between 21500-21600 and resistance is between 22670-22770.

Can look for short opportunity on rally.



Last Trading Day's Highlights for us:
1. Monthly NIFTY option strategy positional trades are in control.
2. Monthly Stock option strategy positional trades are in control..
3. Monthly Currency option strategy positional trades were closed in GREEN.
4. Weekly BANKNIFTY option strategy positional trades are in control.
5. Weekly NIFTY option strategy positional trades: None.







Trade setup:




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