Indian Market Outlook: October 23, 2020


NIFTY is likely to open neutral.

It is likely to remain between our short term levels.

NIFTY short term support is between 11650-11700 and resistance is between 12010-12060.

BANKNIFTY short term support is between 23420-23520 and resistance is between 24790-24890.

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 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.


Upcoming Events:

Workshop in Mumbai on Nov 7 & 8:

Videos: 




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-non-directional-strategy-in-bank-nifty-6001381.html



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