BankNifty breached the channel at 20480 making it bearish, Immediate Support is at 19050 followed by 18700. BankNifty will have a tough time breaking a strong channel at 20350, if it breaches the rally will continue to 21200/21970.
IMO, the trade will continue sideways, making buyers/sellers trapped between 19050-19515.
Max put options at 19000
Max call options at 20000
MAX ITM put at 19500
IMO, the trade will continue sideways, making buyers/sellers trapped between 19050-19515.
Max put options at 19000
Max call options at 20000
MAX ITM put at 19500
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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.