NIFTY OUTLOOK FOR SEPTEMBER F&O 28 AUG 20

GANESH CHATURTHI OFFER CLOSING !!!!
NIFTY BANKNIFTY STOCK OPTION CALL PUT COMBO @ 11111 FOR 3 MONTHS
PAY NOW & ENJOY THIS MONTH CALLS COMPLIMENTARY PACKAGE DATE WE WILL KEEP FROM 1 SEP 2020

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Markets saw extreme volatility on Thursday 27 Aug 2020 due to the expiry of August derivative contracts. The Sensex ended higher on Thursday, extending gains to the fifth straight day as banking shares continued to rally. The sensex closed 39 points higher at 39113 while the Nifty settled 9 points higher at 11559. 

The Nifty is likely to face stiff resistance between the 11600-11650 level. Shorts have been squeezed hard in this expiry, and with Nifty closing above the psychological mark of 11550, bears are likely to remain cautious. Nifty would meet with a stiff wall of resistance around 11600-11650 zone whereas support is seen around 11450-11350 zone.

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Resistance: 11600, 11700

Support: 11450, 11350