NIFTY VIEW & OPTION CALL PUT TIPS FOR 21 AUG 2019

CALL GIVEN YESTERDAY

NIFTY 11000 PUT 22 AUG ASKED TO BY @ 50 & TODAY IT HAS ACHIEVED 1ST TGT 65 & ALMOST 2ND FINAL TGT 80 MADE HIGH OF 79 PROFIT OF 2550 IN INTRADAY 

Bulls failed to sustained above 11050 level & came down to close 11017 down by 36 point in intraday. Nifty50 failed to surpass the 11080 level on Tuesday and remained volatile for most part of the session. It formed a bearish candle on the daily scale as selling pressure emerged at higher levels. At the same time, the decline was being bought into.
The index has been consolidating between 10925 and 11180 levels from last six sessions. Now, it has to hold above 10975 to witness a bounce towards 11120 level. It requires a decisive breakout from the trading band to get a smooth ride, else a volatile swing could continue with downside support at 10975 and then 10925 levels. 

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Resistance: 11100, 11200

Support: 10975, 10900