Indian Market Outlook: November 17, 2020

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NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 12420-12470 and resistance is between 12900-12950.

BANKNIFTY short term support is between 27480-27580 and resistance is between 29220-29320.

Can look for Long CALL/Short PUT on drop.

Last Trading Day’s Highlights for us:
1. Monthly NIFTY option strategy positional trades were adjusted.
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 initiated.
5. Weekly NIFTY option strategy positional trades: None.
Upcoming Events:
Live Trading Session (Online) between Nov 20 & 26:
Workshop (Bengaluru) on Nov 28 & 29:

More info:
1. Moneycontrol Interview: 
2. Elearnmarkets Face2Face Interview: 
3. Interview: 
4. QuantsApp Option Expert Series: 

Trade setup:

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