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Nifty Bank Index

BANKNIFTY ANALYSIS FOR 08-02-2022

FNOSURE tarafından
As we have Seen BankNifty All way down from last 2 trading session and BankNifty is almost 1500 Points down form last High. Now 38000 crucial level. I am expecting a little Bounce bank from here upto 38500, reason due to Oversold PCR. For the uptrend 38500 is resistance. If BankNifty Open with Gapup and Cross above 38500 then 38500 CE can be taken and the other side if there is Gapdown then we will not go for immediate PUTS, reason as people who had made a short position today will be in sudden profit and week hand will book immediate profit due to which a pull back can be seen... for down momentum we will take PUTS on pullback and according to price action + Open Interest DATA :)\

PCR : 0.53
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FNOSURE
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Feragatname

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