Indian Market Outlook: February 02, 2021


NIFTY is likely to open positive

It is likely to remain between our short term levels.

NIFTY short term support is between 13980-14030 and resistance is between 14600-14650.

BANKNIFTY short term support is between 32280-32380 and resistance is between 33900-34000.

Can look for Long CALL/Short PUT on drop.


Last Trading Day's Highlights for us:

1. Weekly BANKNIFTY option strategy positional trades: Under control
2. Weekly NIFTY option strategy positional trades: None
3. Monthly NIFTY option strategy positional trades: None
4. Monthly Stock option strategy positional trades: Under control
5. Monthly Currency option strategy positional trades: None






Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-an-earnings-based-options-strategy-in-hdfc-6429251.html



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