Bank Nifty is expected to open with a strong gap up near the 57,500 level, indicating continued bullish sentiment from the previous session’s upward momentum. The index is currently trading above key support levels, and if it manages to sustain above the 57,450–57,500 zone, a further upward move is likely. In such a case, traders can consider buying CE options around 57,550–57,600 for targets of 57,750, 57,850, and 57,950+. This zone will act as a potential breakout area, and sustaining above it could trigger fresh buying interest.
However, if Bank Nifty fails to hold above the 57,450 level after the gap up, some profit booking or reversal may occur. In that scenario, a put option opportunity may arise near the 57,450–57,400 levels with downside targets of 57,250, 57,150, and 57,050.
However, if Bank Nifty fails to hold above the 57,450 level after the gap up, some profit booking or reversal may occur. In that scenario, a put option opportunity may arise near the 57,450–57,400 levels with downside targets of 57,250, 57,150, and 57,050.
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📈 Trade Smarter with TradZoo!
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📲 Android App: bit.ly/TradZooApp
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🔗 Website: bit.ly/tradzoopage
📣 Telegram: t.me/tradzooIndex
📲 Android App: bit.ly/TradZooApp
📲 Forex App:tradzoo.com/forex/download
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.