NIFTY is likely to open positive (Gap up).
It is likely to remain positive to sideways in the later part of the day.
NIFTY short term support is between 11930-11970 and resistance is between 12130-12170.
BANKNIFTY short term support is between 31030-31130 and resistance is between 32740-31840.
Can go long on drops.
Last Trading Day's Highlights for us:
1. All stock option strategy positional trades are in control. However one is in RED.
2. All weekly BANKNIFTY positional strategy trades are in control.
4. Intraday trades were closed in GREEN.
5. We have released updated version of OptionsOracle and OpStrater.
6. Upcoming Option strategy workshop is planned in Bengaluru on Jan 11-12.
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