Indian Market Outlook: May 06, 2020


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

NIFTY short term support is between 9080-9180 and resistance is between 9790-9890.

BANKNIFTY short term support is between 19040-19140 and resistance is between 21490-21590.

Can look for long opportunity on drop.


Last Trading Day's Highlights for us:
1. Monthly NIFTY option strategy positional trades are in control.
2. Monthly Stock option strategy positional trades are in control.
3. Weekly BANKNIFTY option strategy positional trades were adjusted.
4. Intraday trades - None
5. Next live trading session is from May 15-May 21.


No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Pages