If banknifty breaks the previous high i.e. 36320, It will fly.

Nifty Bank IndexNSE

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⋅ Aug 10, 2021 5:11 AM

If banknifty breaks the previous high i.e. 36320, It will fly. Because 36300 is the area where most of the call writers are waiting, if it is broken then call writers may get trapped and it will fly like rocket.