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BANKNIFTY Update 07. 01. 2020

Today's real time strategy posted on our public channel seem to have worked quite well. Banknifty 07th Jan 31800PE was posted with a buy at 190, targets at 240/250 range and a stop-loss at 170 which made a high of 244. As per yesterday's blog our levels worked well.

Banknifty Resistance Zone - 32210.25/32004.10

Support Zone - 31569.95/31341.95

Trade: If banknifty sustains 31550/31600 for the first hour will short puts heavily against the dip.

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