Pre Open Trading ideas of Nifty Spot for 10-08-2022

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Aniruddha Chakraborty
New Update
Pre Open Trading ideas of Nifty Spot for 10-08-2022

BY A STAFF REPORTER: 

Op :- 17401 - Low :- 17359 -- High :- 17548 & CL :- 17525        



Day to Day closing basis up :- 0.73% or +127.60 points.


The index formed a bullish candlestick pattern on the daily charts.



After last week consolidation in 1st day of the week fresh up move tending to test 17777/800 mark subject to hold 17350.



On the Down side :-


Pivot Support :- 17466 &


Important 5DSMA Sup :- 17407 & below that major 17350



Swing based other supports :- 17288—17217—17160.


Base Support 200 DSMA = 17000



On the Upside :-


Above 17550 < R1> break out hurdle 17596



Swing based other major Resistances are :- 17666 – 17777 – 17808.



Option data indicated that the Nifty may trade in a broad range of 17000-18000 in coming sessions.



India VIX rose by 3.43% to 19.57 levels.




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Source : Eureka

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