Indian Market Outlook: Jan 31, 2020


NIFTY is likely to open positive.
It is likely to remain positive to sideways in the later part of the day. 

NIFTY short term support is between 11920-11960 and resistance is between 12130-12170.

BANKNIFTY short term support is between 30400-30500 and resistance is between 30900-31000.

Can go long on drop.


Last Trading Day's Highlights for us:
1. Overall stock option strategy positional trades were at minor RED.
2. Initiated multiple stock option strategy positional trades.
3. All BANKNIFTY weekly positional trades were closed in GREEN.
4. Intraday trades were closed in GREEN.
5. Upcoming Option strategy workshop is planned in Delhi on Feb 1-2.

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