Indian Market Outlook: August 21, 2020


NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 11180-11230 and resistance is between 11450-11500.

BANKNIFTY short term support is between 21730-21830 and resistance is between 22370-22470.

Can look for short opportunity near resistance level.




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 closed in GREEN.
5. Weekly NIFTY option strategy positional trades: None.





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-a-low-risk-options-strategy-in-bank-nifty-5735961.html


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