BankNifty Prediction & Analysis [09 Aug 2021]
Bank Nifty Spot Levels to watch out for trading on 9th Aug 2021
Long Opportunity: [Buy BankNifty Future or Short ATM PUT Option]
1. Price breaks out of 36100 and retests the level again is a good support to go long
Short Opportunity: [Short BankNifty Future or Short ATM Call Option]
1. Gap down opens below 35690 and stays below 35690 for some time and retested back the 35690 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 36100 and retests the level again is a good support to go long
Short Opportunity: [Short BankNifty Future or Short ATM Call Option]
1. Gap down opens below 35690 and stays below 35690 for some time and retested back the 35690 levels is a good resistance zone to short Bank Nifty.
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