Indian Market Outlook: November 03, 2020


NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 11530-11580 and resistance is between 11930-11980.

BANKNIFTY short term support is between 23820-23920 and resistance is between 25150-25250.

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







Trade setup:

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