TradZoo

Banknifty PE & CE Buy Levels (21/07/2020)

Long
NSE:BANKNIFTY   NIFTY BANK
Possible gap up opening in banknifty above 22500 levels. If banknifty able to sustain above this level then we will see upside move till next strong resistance level 23050. It's less possibility to break 23050 and might see the reversal from 23050. This is the profit booking level for our long trend and we will wait for breakout 23100 level for CE options and reversal confirmation at 22950 levels for PE options.

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