Thursday. 8.00 am.- Aug.10.
NIFTY SPOT CMP - 9908. BANK NIFTY SPOT CMP 24374
There is no positive clue from world market, even Asian market today are in red. If we analysis our Nifty, I am closely watching 9888 which will act as support today. Weekly expiry on Bank nifty will create lot of confusion on Bank nifty trade.
Banknifty 24400 PE 10 Aug expiry LTP is 94, if Bank Nifty opens below 24300 today, then there will be more downside for banknifty. 24160 will be next support. Keep an eye on 24400 PE to know what is happening in Banknifty.
Nifty next support is around 9800. I don't want to look beyond 9800 as of now, and I don't want to make myself into panic state.
Let we keep our analysis simple, too much analysis taken us no where. The pivot point in Nifty spot is 9920 for today trade, let we see if Nifty trade above this level to arrest the selling pressure.
Good Luck..
Yours
Zen Trader
NIFTY SPOT CMP - 9908. BANK NIFTY SPOT CMP 24374
There is no positive clue from world market, even Asian market today are in red. If we analysis our Nifty, I am closely watching 9888 which will act as support today. Weekly expiry on Bank nifty will create lot of confusion on Bank nifty trade.
Banknifty 24400 PE 10 Aug expiry LTP is 94, if Bank Nifty opens below 24300 today, then there will be more downside for banknifty. 24160 will be next support. Keep an eye on 24400 PE to know what is happening in Banknifty.
Nifty next support is around 9800. I don't want to look beyond 9800 as of now, and I don't want to make myself into panic state.
Let we keep our analysis simple, too much analysis taken us no where. The pivot point in Nifty spot is 9920 for today trade, let we see if Nifty trade above this level to arrest the selling pressure.
Good Luck..
Yours
Zen Trader
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