Indian Market Outlook: Mar 16, 2020


NIFTY is likely to open negative (Gap Down).
It is likely to remain negative to sideways in the later part of the day.
NIFTY short term support is between 9440-9500 and resistance is between 10430-10480.

BANKNIFTY short term support is between 23700-23800 and resistance is between 26400-26500.

Can look for short opportunity on rally.


Last Trading Day's Highlights for us:

1. Monthly Currency option strategy positional trades are in RED, needs adjustments.
2. Monthly Stock option strategy positional trades are in RED, needs adjustments.
3. Intraday trades closed in GREEN.
4. Next Otions Strategy workshops are in April.

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