Indian Market Outlook: April 03, 2020


NIFTY is likely to open neutral.
It is likely to show sharp move in either direction in the later part of the day because of PM message and/or Crude oil possible deal.

NIFTY short term support is between 8050-8100 and resistance is between 8660-8710.

BANKNIFTY short term support is between 17100-17200 and resistance is between 20000-20100.

Can look for short opportunity on rally.




Last Trading Day's Highlights for us:

1. Monthly Currency option strategy positional trades - None.
2. Monthly Stock option strategy positional trades - None.
3. Intraday trades closed in GREEN.
4. We have recently released updated version of our tools OptionsOracle and OpStater.
5. OptionsOracle now even shows POP (Probability of Profit).
6. OptionsOracle Advanece along with POP shows Greek Ratio details like Delta/Theta, Vega/Theta & Gamma/Theta.
7. OpStrater shows "Expected Trend" and "Expected S/R". This will help us while planning trade.
8. Options Strategy Trading workshops are planned in Mumbai and Bengaluru.

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