Indian Market Outlook: November 17, 2020

NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 12420-12470 and resistance is between 12900-12950.

BANKNIFTY short term support is between 27480-27580 and resistance is between 29220-29320.

Can look for Long CALL/Short PUT on drop.

Last Trading Day's Highlights for us:

1. Monthly NIFTY option strategy positional trades were adjusted.

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 initiated.

5. Weekly NIFTY option strategy positional trades: None.

Upcoming Events:

Live Trading Session (Online) between Nov 20 & 26:

http://www.pasitechnologies.com/p/trading.html

Workshop (Bengaluru) on Nov 28 & 29:

http://www.pasitechnologies.com/p/training.html

Videos: 

http://www.pasitechnologies.com/p/prerequisite.html

More info:

1. Moneycontrol Interview: 

https://www.moneycontrol.com/news/business/moneycontrol-research/a-part-time-trader-who-uses-time-and-risk-management-successfully-at-his-job-and-in-the-market-2774651.html

2. Elearnmarkets Face2Face Interview: 

https://www.youtube.com/watch?v=--Ku2hhFL1M

3. Interview: 

https://www.mainebolatha.in/2020/05/santosh-pasi-person-who-takes-option-trading-to-the-next-levels.html

4. QuantsApp Option Expert Series: 

https://www.quantsapp.com/option-expert-series-5/

Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-non-directional-options-strategy-in-bpcl-2-6124631.html