BankNifty Prediction & Analysis [12 Aug 2021]
BankNifty Prediction and Analysis For Tomorrow
Bank Nifty Spot Levels to watch out for trading on 12th 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 35520 and stays below 35500 for some time and retested back the 35500 levels is a good resistance zone to short Bank Nifty.
2. Gap Up opens but face resistance near 36100 and breaks the upward trendline is a good area to short
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Bank Nifty Spot Levels to watch out for trading on 12th 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 35520 and stays below 35500 for some time and retested back the 35500 levels is a good resistance zone to short Bank Nifty.
2. Gap Up opens but face resistance near 36100 and breaks the upward trendline is a good area to short
Visit utube for video explanation
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