Indian Market Outlook: October 07, 2020

 

NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 11370-11420 and resistance is between 11750-11800.

BANKNIFTY short term support is between 21990-22090 and resistance is between 23000-23100.

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 are in control.
5. Weekly NIFTY option strategy positional trades: None.







Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-low-risk-non-directional-options-trade-in-lupin-5930931.html




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