Indian Market Outlook: January 04, 2021

 

NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 13700-13750 and resistance is between 14100-14150.

BANKNIFTY short term support is between 30750-30850 and resistance is between 31650-31750.

Can look for Long CALL/Short PUT on drop.



Last Trading Day's Highlights for us:
1. Monthly NIFTY option strategy positional trades: None
2. Monthly Stock option strategy positional trades: Initiated
3. Monthly Currency option strategy positional trades: None
4. Weekly BANKNIFTY option strategy positional trades: Initiated
5. Weekly NIFTY option strategy positional trades: None







Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-non-directional-strategy-in-bank-nifty-2-6298621.html


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