[INTRADAY] #BANKNIFTY PE & CE Levels(19/08/2024)
🔔 Bank Nifty Update for Today:
📈 Gap-Up Opening Expected:
Key Level: 50550
Potential Upside Target: 51000
If Bank Nifty sustains above the 50550 level after the opening, we could witness a strong upward rally, potentially pushing the index towards the 51000 mark. This scenario indicates bullish momentum and a chance for further gains.
📉 Watch for Downside:
Critical Level: 50450
Possible Downfall Range: 400-500 points
However, if Bank Nifty fails to hold the 50550 level and starts trading below 50450, a downside move may be imminent. In this case, we could see a significant drop, with the index potentially declining by 400 to 500 points.
📈 Gap-Up Opening Expected:
Key Level: 50550
Potential Upside Target: 51000
If Bank Nifty sustains above the 50550 level after the opening, we could witness a strong upward rally, potentially pushing the index towards the 51000 mark. This scenario indicates bullish momentum and a chance for further gains.
📉 Watch for Downside:
Critical Level: 50450
Possible Downfall Range: 400-500 points
However, if Bank Nifty fails to hold the 50550 level and starts trading below 50450, a downside move may be imminent. In this case, we could see a significant drop, with the index potentially declining by 400 to 500 points.
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