Bank Nifty Spot Levels to watch out for trading on 6th Aug 2021
Long Opportunity: [Buy BankNifty Future or Short ATM PUT Option]
1. Price breaks out of 36025 and retests the level again is good support to go long
2. Gap down open but takes support near 35685 will act as good support to go long again
Short Opportunity: [Short BankNifty Future or Short ATM Call Option]
1. Gap down opens below 35670 and stays below 35670 for some time and retested back the 35670 levels is a good resistance zone to short Bank Nifty.
Long Opportunity: [Buy BankNifty Future or Short ATM PUT Option]
1. Price breaks out of 36025 and retests the level again is good support to go long
2. Gap down open but takes support near 35685 will act as good support to go long again
Short Opportunity: [Short BankNifty Future or Short ATM Call Option]
1. Gap down opens below 35670 and stays below 35670 for some time and retested back the 35670 levels is a good resistance zone to short Bank Nifty.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.