Indian Market Outlook: January 08, 2021

NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 13920-13970 and resistance is between 14300-14350.

BANKNIFTY short term support is between 31240-31340 and resistance is between 32300-32400.

Can look for Long CALL/Short PUT on drop.

Last Trading Day's Highlights for us:

1. Monthly NIFTY option strategy positional trades: None

2. Monthly Stock option strategy positional trades: In control

3. Monthly Currency option strategy positional trades: None

4. Weekly BANKNIFTY option strategy positional trades: Closed in GREEN

5. Weekly NIFTY option strategy positional trades: None

Upcoming Events:

Workshop (Delhi and Bengaluru):

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

Prerequisite: 

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

Live Trading Session (Online):

http://www.pasitechnologies.com/p/trading.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-low-risk-trade-in-tcs-6317511.html