BANKNIFTY Update 28. 01. 2021

As spoken in yesterday's blog post, 31000/30800 were an important support which was broken today which lead to a heavy downside. Short selling calls worked out perfectly fine and gave amazing profits.

Banknifty Resistance Zone - 31355.60/31592.75

Support Zone - 30619.30/30224.95

Trade: A flat to negative opening and will continue to short calls at relevant zones.