Indian Market Outlook: November 04, 2020

 

NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 11530-11580 and resistance is between 11930-11980.

BANKNIFTY short term support is between 24720-24820 and resistance is between 25920-26020.

Can expect sharp moves on either side.



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: None
4. Weekly BANKNIFTY option strategy positional trades are in control.
5. Weekly NIFTY option strategy positional trades: None.








Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-an-earning-based-options-strategy-6061931.html




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