Indian Market Outlook: November 06, 2020


NIFTY is likely to open neutral.

It is likely to remain between our short term levels.

NIFTY short term support is between 11610-11660 and resistance is between 12140-12190.

BANKNIFTY short term support is between 24720-24820 and resistance is between 26400-26500.

Can look for Long CALL/Short PUT 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 closed in RED.
5. Weekly NIFTY option strategy positional trades: None.






Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-an-earnings-based-options-strategy-in-rec-6073581.html


No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Pages