NIFTY is likely to open positive.
It is likely to remain negative in the later part of the day.
NIFTY short term support is between 9240-9340 and resistance is between 9780-9880.
BANKNIFTY short term support is between 19520-19620 and resistance is between 21660-21760.
Can look for long opportunity on drop.
Last Trading Day's Highlights for us:
1. Monthly NIFTY option strategy positional trades were initiated.
2. Monthly Stock option strategy positional trades were initiated.
3. Weekly BANKNIFTY option strategy positional trades were initiated.
4. Intraday trades - None
5. Next live trading session is from May 15-May 21.
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