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BANKNIFTY Update 27. 01. 2021

Markets are showing signs of profit booking and volatility is expected to continue upto the budget. 30800/31000 stays as an important support for banknifty. Auto stocks have been on the list lately. Will update trades and calls on the public channel.

Banknifty Resistance Zone - 31355.60/31592.75

Support Zone - 30619.30/30224.95

Trade: will look to short calls near resistance zone.