BANK NIFTY
Important Levels for 10-11-2021.
Unless we cross and sustain above 39700-39750, longs can be strictly avoided. But once we cross these levels we can take positions for targets of 39870,39970 and 40080. SL can be placed below 39700 and trailed aggressively.
For shorts we will take positions once we sustain below 39360. SL will be 39440 and our targets shall be 39200, 39100 and 38970.
If we have a massive gap up, 40000-40100 will be a resistance zone and if we see a massive gap down, 39100-39200 will be the support area. Trades can be taken from these levels after we see price action and volumes support.
Option data indicates bearishness.
Unless we cross and sustain above 39700-39750, longs can be strictly avoided. But once we cross these levels we can take positions for targets of 39870,39970 and 40080. SL can be placed below 39700 and trailed aggressively.
For shorts we will take positions once we sustain below 39360. SL will be 39440 and our targets shall be 39200, 39100 and 38970.
If we have a massive gap up, 40000-40100 will be a resistance zone and if we see a massive gap down, 39100-39200 will be the support area. Trades can be taken from these levels after we see price action and volumes support.
Option data indicates bearishness.
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.