[INTRADAY] #BANKNIFTY PE & CE Levels(22/08/2024)
🔔 Bank Nifty Update for Today:
📈 Gap-Up Opening Expected:
Expected Opening Level: Near 51000
Initial Bullish Level: Above 51050
Primary Upside Target: 51450+
Extended Upside Target: 51950+
Bank Nifty is expected to open with a gap up near the 51000 level today. If the index starts trading above 51050 after opening, we could see a strong bullish rally, potentially driving the market towards the 51450 target. Should Bank Nifty break through the 51550 level, this rally might extend further, reaching up to 51950 or more.
📉 Watch for Downside Risks:
Critical Reversal Level: 50950
Strong Support Level: 50550
However, if Bank Nifty trades below 50950, downside movement could be possible. The 50550 level will serve as a strong support for today's session.
📈 Gap-Up Opening Expected:
Expected Opening Level: Near 51000
Initial Bullish Level: Above 51050
Primary Upside Target: 51450+
Extended Upside Target: 51950+
Bank Nifty is expected to open with a gap up near the 51000 level today. If the index starts trading above 51050 after opening, we could see a strong bullish rally, potentially driving the market towards the 51450 target. Should Bank Nifty break through the 51550 level, this rally might extend further, reaching up to 51950 or more.
📉 Watch for Downside Risks:
Critical Reversal Level: 50950
Strong Support Level: 50550
However, if Bank Nifty trades below 50950, downside movement could be possible. The 50550 level will serve as a strong support for today's session.
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