BANKNIFTY Update 05. 01. 2021

Market showed extreme volatility today. Eicher motors and IT been performing well. Might look to add more shorts at 31000pe.

Banknifty Resistance Zone - 31503.50/31647.35

Support Zone - 30907.55/31086.80

Trade: will continue to stay long and short puts at dips as long as banknifty sustains above 30850.

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