BANK NIFTY
Important Levels for 09-08-2021.
Can be another day which tests our patience.
Confident trades can be longs above 36250, with a SL of 36180 for targets of 36450 and 36620. SL has to be trailed wisely and for shorts we can short below 35750, with a SL of 35830 for targets of 35700, 35620 and 35480.
Option data suggests 36000 to be a strong resistance and 35500 to be a strong support and with higher volumes of call written a down move has more probability.
Still would go in tomorrow with a neutral mindset and place my bets according to the developments seen in real time.
Can be another day which tests our patience.
Confident trades can be longs above 36250, with a SL of 36180 for targets of 36450 and 36620. SL has to be trailed wisely and for shorts we can short below 35750, with a SL of 35830 for targets of 35700, 35620 and 35480.
Option data suggests 36000 to be a strong resistance and 35500 to be a strong support and with higher volumes of call written a down move has more probability.
Still would go in tomorrow with a neutral mindset and place my bets according to the developments seen in real time.
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