Indian Market Outlook: October 23, 2020

NIFTY is likely to open neutral.

It is likely to remain between our short term levels.

NIFTY short term support is between 11650-11700 and resistance is between 12010-12060.

BANKNIFTY short term support is between 23420-23520 and resistance is between 24790-24890.

Can look for Long CALL/Short PUT opportunity on drop.

Last Trading Day's Highlights for us:

1. Monthly NIFTY option strategy positional trades are in control.

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 were closed in GREEN.

5. Weekly NIFTY option strategy positional trades: None.

Upcoming Events:

Workshop in Mumbai on Nov 7 & 8:

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

Videos: 

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-non-directional-strategy-in-bank-nifty-6001381.html