TradZoo

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

TradZoo Updated   
NSE:BANKNIFTY   Nifty Bank Index
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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