Indian Market Outlook: September 08, 2020


NIFTY is likely to open neutral.

It is likely to remain between our short term levels

NIFTY short term support is between 11230-11280 and resistance is between 11570-11620.

BANKNIFTY short term support is between 22590-22690 and resistance is between 23750-23850.

Can look for long opportunity near short term support.


Last Trading Day's Highlights for us:
1. Monthly NIFTY option strategy positional trades are in control and added.
2. Monthly Stock option strategy positional trades are in control.
3. Monthly Currency option strategy positional trades: None
4. Weekly BANKNIFTY option strategy positional trades are in control.
5. Weekly NIFTY option strategy positional trades: None.






Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-low-risk-non-directional-trade-in-power-grid-5810151.html




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