Indian Market Outlook: February 09, 2021


NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 14780-14830 and resistance is between 15250-15300.

BANKNIFTY short term support is between 35250-35350 and resistance is between 36650-36750.

Can look for Long CALL/Short PUT on drop.


Last Trading Day's Highlights for us:

1. Weekly BANKNIFTY option strategy positional trades: None.
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:

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