BANKNIFTY ANALYSIS FOR 09-02-2022

Mar 8, 2022

We have seen Gapdown followed by Bull trying to Lift the Index up but profit booking came to make SL hit for Option Buyer and In the Second half Bull recovered all the way to approx 1000+ points. Further trend deciding level are given in chart. War NEWS and Global sentiment will also play major role. As premiums are high we will not trade between the consolidation zone, as per Current DATA max CALL Writter are still at 33000 level and index closed above this price. If tomorrow BN open gapup and sustain for few minutes, then these writter will got trapped and we can see again good upside move upto 33500. keep in watch list 33100 CE & PE :)

PCR 0.76