NIFTY is likely to open negative (Gap Down).
It is likely to remain negative in the later part of the day.
NIFTY short term support is between 10500-10540 and resistance is between 11000-11040.
BANKNIFTY short term support is between 26400-26500 and resistance is between 27940-28040.
Can look for short opportunity on rally.
Last Trading Day's Highlights for us:
1. Monthly NIFTY option strategy positional trades are in control, but will adjust it today.
2. Monthly BANKNIFTY option strategy positional trades are in RED, needs adjustments.
3. Monthly Currency option strategy positional trades are in RED, needs adjustments.
4. Monthly Stock option strategy positional trades are in GREEN.
5. Intraday trades were closed in GREEN.
6. Next Options Strategy workshops are in April.
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