[INTRADAY] #BANKNIFTY PE & CE Levels(12/08/2024)

Aug 12

Bank Nifty Opening Outlook:

Opening: Expected to be flat.

Upside Potential:

• If Bank Nifty sustains above the 50,550 level, an upside rally up to 50,950 is anticipated.
  
• Strong resistance is expected at the 51,000 level.
  

Downside Potential:

• If Bank Nifty starts trading below the 50,450 level, a downside move of 400-500 points is possible.
  
• The 50,000 level will act as a support for today’s session.