Indian Market Outlook: August 11, 2020


NIFTY is likely to open neutral.

It is likely to remain between our short term levels.

NIFTY short term support is between 10970-11020 and resistance is between 11390-11440.

BANKNIFTY short term support is between 21300-21400 and resistance is between 22260-22360.

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. Monthly Currency option strategy positional trades: None
4. Weekly BANKNIFTY option strategy positional trades are in control.
5. Weekly NIFTY option strategy positional trades: None.





Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-an-earnings-based-option-strategy-in-aurobindo-pharma-5679161.html


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