[INTRADAY] #BANKNIFTY PE & CE Levels(08/01/2025)

Flat opening expected in index. Banknifty trading in the consolidation zone of 50050-50450 level. Downside 50000 zone level is indicating strong support for banknifty. In case banknifty starts trading below this support level then expected strong downside movement in market of 400-500+ points. Any major bullish rally only expected above 50550 level.