BANK NIFTY
Updated
Important Levels for 08-07-2021.
Bulls showed their strength in the later half and closed the day at the top making us have a bullish view for tomorrow's session.
35510-35530 proved to be a major support zone and provided the launch pad for today's move and price sustained near the 35720-35750 zones and we almost saw 35900 in the last minute.
Any pullbacks till 35810-35830 levels should be bought for targets 36070-36100 levels with SL of 35720 and if we don't see a pullback then we should buy at 35920 levels with SL of 35830 for the same targets.
With the price sustaining above VAH (35712) of the week starting 31-05-2021 we can expect higher levels but Thursday is having its effect to keep our hopes low.
35700-35750 zone should act as a good support and selling puts below it can expire at 0.
Shorts should be avoided unless we see a big gap up or the so called expiry move.
Trade carefully.
Bulls showed their strength in the later half and closed the day at the top making us have a bullish view for tomorrow's session.
35510-35530 proved to be a major support zone and provided the launch pad for today's move and price sustained near the 35720-35750 zones and we almost saw 35900 in the last minute.
Any pullbacks till 35810-35830 levels should be bought for targets 36070-36100 levels with SL of 35720 and if we don't see a pullback then we should buy at 35920 levels with SL of 35830 for the same targets.
With the price sustaining above VAH (35712) of the week starting 31-05-2021 we can expect higher levels but Thursday is having its effect to keep our hopes low.
35700-35750 zone should act as a good support and selling puts below it can expire at 0.
Shorts should be avoided unless we see a big gap up or the so called expiry move.
Trade carefully.
Note
Opening Trade done: 35810-35930
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