Bank Nifty Levels for 10/08/2022

Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2

Bank Nifty is looking bullish with strong buying support at all levels. Bank Nifty closed above 20, 50, 100 EMAs & VWAP. Bears are trapped in strong rally. However, Bank Nifty has given fair chances to bears as well. Is buy on dips going to be better strategy till Bank Nifty trades above these important moving averages?