[INTRADAY] #BANKNIFTY PE & CE Levels(26/08/2024)

🔔 Bank Nifty Update for Today:

📈 Gap-Up Opening Expected:

Key Level: 51050
Primary Upside Target: 51450+
Extended Upside Target: 51950+
Bank Nifty is anticipated to open with a gap up today. If the index sustains above the 51050 level after the opening, we can expect an upside rally reaching up to 51450 or higher. Should Bank Nifty break through the 51550 level, this rally could extend by another 400-500 points, potentially reaching 51950 or beyond.

📉 Watch for Downside Risks:

Critical Support Level: 50950
Major Downside Risk: Only expected if the index falls below 50950

🔄 Potential Resistance:

Resistance at 51450: There is a possibility that Bank Nifty might face resistance around the 51450 level during its upside rally.