BUY NIFTY 11000 PUT 22 AUG @ 50 TGT 65/80
BUY BANKNIFTY 28600 CALL 22 AUG @ 70 TGT 100/130
Bulls tried
to come back in the 11100 zone & made a high of 11146 but could not continue
to sustain the gains & came below 11100 mark to close at 11053. Tracking
gains in other Asian markets, the Sensex rose as much as 368 points at day's
high but could not sustain the gains & finished just 52 points higher
at 37402.
Nifty is still in a consolidation range and support lies around 11030 -11000 levels. Going ahead, this support zone would be closely watched by the investors. A sustainable move below this would result into an extended correction. However, in my sense, Nifty would probably move higher and immediate resistance is now placed in the zone of 11150 - 11200 levels.
Nifty is still in a consolidation range and support lies around 11030 -11000 levels. Going ahead, this support zone would be closely watched by the investors. A sustainable move below this would result into an extended correction. However, in my sense, Nifty would probably move higher and immediate resistance is now placed in the zone of 11150 - 11200 levels.
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Resistance: 11150, 11200, 11250
Support: 11030, 11000, 10950
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