NIFTY is likely to open negative (Gap Down).
It is likely to remain negative in the later part of the day.
NIFTY short term support is between 8900-9000 and resistance is between 10100-10200
BANKNIFTY short term support is between 19980-20080 and resistance is between 21660-21760
Can look for short opportunity on rally.
1. Monthly Currency option strategy positional trades - None.
2. Monthly Stock option strategy positional trades initiated.
3. Weekly BANKNIFTY option strategy positional trades were closed in RED.
4. Intraday trades - None
5. Next live trading session is from May 15-May 21.
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