NIFTY is likely to open neutral.
It is likely to remain sideways to negative in the later part of the day.
NIFTY short term support is between 11910-11950 and resistance is between 12180-12220.
BANKNIFTY short term support is between 30900-31000 and resistance is between 31600-31700.
Can go short on rally.
Last Trading Day's Highlights for us:
1. All stock option strategy positional trades are in control.
2. All BANKNIFTY monthly positional trades are in control.
3. All NIFTY monthly positional trades are in control.
4. Intraday trades were closed in RED.
5. Upcoming Option strategy workshop is planned in Mumbai on Feb 8-9.
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