BANKNIFTY ANALYSIS FOR TOMORROW

Banknifty Behaves exactly as analysis done. As we have seen PCR was oversold so some recovery was expected. Further important level to watch 39800 and 40000. As expiry is on Wednesday tomorrow session may be volatile. We can see some profit booking or selling pressure at 40000 level. But if BankNifty break 40k level and sustain the we can see huge rally toward 40500+ in that scene we can go for 40000 CE option. :)