Indian Market Outlook: December 29, 2020

 

NIFTY is likely to open positive. 

Expecting to make new all time high today.

It is likely to remain between our short term levels.

NIFTY short term support is between 13560-13610 and resistance is between 13950-14000.

BANKNIFTY short term support is between 29840-29940 and resistance is between 31000-31100.

Can look for Long CALL/Short PUT on drop.

Last Trading Day's Highlights for us:

1. Monthly NIFTY option strategy positional trades: In control

2. Monthly Stock option strategy positional trades: In control

3. Monthly Currency option strategy positional trades: None

4. Weekly BANKNIFTY option strategy positional trades: Initiated

5. Weekly NIFTY option strategy positional trades: None

Upcoming Events:

Live Trading Session (Online):

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

Workshop (Offline):

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

Prerequisite: 

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-low-risk-non-directional-trade-in-bhel-6279601.html