Indian Market Outlook: August 17, 2020

NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 11060-11110 and resistance is between 11390-11440.

BANKNIFTY short term support is between 21360-21460 and resistance is between 22370-22470.

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 were initiated.
5. Weekly NIFTY option strategy positional trades: None.
6. Intraday trades were closed in RED.






More info:
1. Moneycontrol Interview: 
2. Elearnmarkets Face2Face Interview: 
3. Interview: 
4. QuantsApp Option Expert Series: 

Trade Setup:

https://www.moneycontrol.com/news/business/markets/options-trade-an-earning-based-options-strategy-in-zee-5705831.html


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