Indian Market Outlook: April 07, 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 8050-8100 and resistance is between 8660-8710.

BANKNIFTY short term support is between 17100-17200 and resistance is between 20000-20100.

Can look for short opportunity on rally.

Last Trading Day's Highlights for us:

1. Monthly Currency option strategy positional trades - None.
2. Monthly Stock option strategy positional trades - None.
3. Weekly BANKNIFTY option strategy positional trades are in control.
4. Intraday trades closed in GREEN.
5. We have recently released updated version of our tools OptionsOracle and OpStater.
6. OptionsOracle now even shows POP (Probability of Profit).
7. OptionsOracle Advanece along with POP shows Greek Ratio details like Delta/Theta, Vega/Theta & Gamma/Theta.
8. OpStrater shows "Expected Trend" and "Expected S/R". This will help us while planning trade.
9. Options Strategy Trading workshops are planned in Mumbai and Bengaluru.

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