BankNifty Sideways trading.Sideways 19050-19515 for 6th May
BankNifty breached the channel at 20480 making it bearish, Immediate Support is at 19050 followed by 18700. BankNifty will have a tough time breaking a strong channel at 20350, if it breaches the rally will continue to 21200/21970.
IMO, the trade will continue sideways, making buyers/sellers trapped between 19050-19515.
Max put options at 19000
Max call options at 20000
MAX ITM put at 19500
IMO, the trade will continue sideways, making buyers/sellers trapped between 19050-19515.
Max put options at 19000
Max call options at 20000
MAX ITM put at 19500
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