Indian Market Outlook: September 23, 2020

NIFTY is likely to open neutral.

It is likely to remain between our short term levels.

NIFTY short term support is between 11070-11120 and resistance is between 11380-11430.

BANKNIFTY short term support is between 20920-21020 and resistance is between 21820-21920.

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 were adjusted.
3. Monthly Currency option strategy positional trades: None
4. Weekly BANKNIFTY option strategy positional trades were adjusted.
5. Weekly NIFTY option strategy positional trades: None.






Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-non-directional-options-strategy-in-hcl-tech-5873241.html




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