Indian Market Outlook: October 05, 2020

NIFTY is likely to open neutral.

It is likely to remain between our short term levels.

NIFTY short term support is between 11010-11060 and resistance is between 11490-11540.

BANKNIFTY short term support is between 21360-21460 and resistance is between 22400-22500.

Can look for Long CALL/Short PUT 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 is in control.
3. Monthly Currency option strategy positional trades: None
4. Weekly BANKNIFTY option strategy positional trades were closed at BREAKEVEN.
5. Weekly NIFTY option strategy positional trades: None.

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