Nifty50 Spot Levels to watch out for trading on 10th Aug 2021
Long Opportunity: [Buy Nifty Future or Short ATM PUT Option]
1. Price breaks out of 16325 and retests the level again is good support to go long
Short Opportunity: [Short Nifty Future or Short ATM Call Option]
1. Gap down opens below 16175 and stays below 16175 for some time and retested back the 16200 levels is a good resistance zone to short Bank Nifty.
2. If Nifty Opens with a flat note then wait for the upward trendline to break near 16290.
Once broken and candlestick shows rejection near 16290 levels, then that area will be a good shorting zone.
Visit utube for Video Explanation: Akme Analytics
Long Opportunity: [Buy Nifty Future or Short ATM PUT Option]
1. Price breaks out of 16325 and retests the level again is good support to go long
Short Opportunity: [Short Nifty Future or Short ATM Call Option]
1. Gap down opens below 16175 and stays below 16175 for some time and retested back the 16200 levels is a good resistance zone to short Bank Nifty.
2. If Nifty Opens with a flat note then wait for the upward trendline to break near 16290.
Once broken and candlestick shows rejection near 16290 levels, then that area will be a good shorting zone.
Visit utube for Video Explanation: Akme Analytics
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