Banknifty trading near the resistance level of descending triangle pattern. If banknifty breakout the resistance, We might see big movement in banknifty toward the 22950 final targets. Current upside breakout level for banknifty is above 21400 levels and we can initiate CE option if banknifty sustain above this level. We can only see big move after this breakout otherwise market will spend today's day in sideways mode between 21050-21400.
Trade active:
Bought 22000CE on Opening @195 at a level near 21550
Comment:
The first Target Archived of 30+ points