Today we have three events - expiry of Nifty and Banknifty, RBI meet and USA Inflation data. Thus mkt can be extremely volatile today especially in last one hour.
RBI meet at 10 am and thus today day can be traded in three time frames - before MPC meet, after MPC meet and Last one hour. You can make daily profit using our top performing nifty options tips as we trade less but trade accurately.
Nifty Spot View: 10/08/2023
CMP: 19632.55
Moving AVG (EMA) 20 Hour & 40 Hour: 19553 & 19558
Moving AVG (EMA) 20 Day & 40 Day: 19557 & 19338
Support & Downside Range: 19603—19575--19528
Resistance & Upside Range: 19693—19805
Short Term Trend Reversal Level: -- 19467
Trading View: Ahead of RBI policy and today's weekly expiry key support to watch is 19528 spot levels and 19467 which is yesterday's low acts as immediate support levels as long as this levels hold bias remains buy on dips and strong whereas upside immediate rest placed at 19693 break above we may immediate move towards 19805 spot levels.
