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BANKNIFTY Update 11. 02. 2021


Banknifty in a range bound since four consecutive trading days. Today's low very likely to be tested once again tomorrow. Will expect a possible range-bound day tomorrow. If todays low gets taken out can see a big downside towards 34750/34400 BANKNIFTY Resistance Zone - 36222.578/36002.839 Support Zone - 35563.361/35343.623 Trade: Trade one will be to short puts near support zone with a 25 point stoploss on premium using 40% capital and will add more quantity post confirmation. If stoploss gets taken out due to huge down trend will then short calls.

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