TradZoo

[INTRADAY] #BANKNIFTY PE & CE Levels(23/08/2021)

NSE:BANKNIFTY   NIFTY BANK
Today will be gap up opening in banknifty . Expected opening near 35450 level. After opening if banknifty started trading above 35550 level then possible strong upside rally 400-500+ points. 35450 will act as an immediate resistance level possible reversal from this level. Downside 35050 is a strong support for today's session. Further downside possible if banknifty gives breakdown of this support level and started trading below 34950 level.
Comment: PE side - 35400 to 35050- All targets done
Comment: Executed trade:
Bought 35500PE at 370. Target 620+ done(250+ points)
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