Indian Market Outlook: December 16, 2020


NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 13390-13440 and resistance is between 13600-13650.

BANKNIFTY short term support is between 29930-30030 and resistance is between 30900-31000.

Can look for Long CALL/Short PUT on drop.


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.


Upcoming Events:

Live Trading Session (Online) between Dec 18 & 24:

Videos: 




Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-low-risk-non-directional-trade-in-lupin-6232471.html



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