BANKNIFTY IMPORTANT LEVEL FOR 12-01-2022

Jan 11, 2022

38500 is crucial resistance if break we can see 39000 level else there may be rejection from current level or say profit booking to 38000 level which is crucial support if break the more downside possible. 38500CE and 38000PE will be on our radar in between we will do no trade. AS per Current Option chain data market sentiment is bearish. If market Open Gapup n sustain above 38500 level then got for 38500 CE on dip...else if 38000 level break on down side 38000 PE can be taken. Risky trade will be 38500 PE as per fresh data buildup tomorrow. :)

PCR : 1.08