Indian Market Outlook: May 12, 2020


NIFTY is likely to open negative.
It is likely to remain negative to sideways in the later part of the day.

 NIFTY short term support is between 9050-9100 and resistance is between 9550-9600.

 BANKNIFTY short term support is between 18640-18740 and resistance is between 21050-21150.

 Can look for short opportunity on rally.

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. Weekly BANKNIFTY option strategy positional trades are in control.
4. Intraday trades - None.
5. Next live trading session is from May 15-May 21.
6. Check details at www.pasitechnologies.com/p/trading.html

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