Shivam_Bhanot

Banknifty Analysis for Monthly Expiry

NSE:BANKNIFTY   Nifty Bank Index
**Volatility Expectation:** Anticipating high volatility today.

**Key Levels:**
- Support Zone: 44960 to 45130 - Potential today's expiry zone, considering the previous day close and a round number. Expected defense from both CALL and PUT writers.
- Short Profit Booking Zone: 44064 to 43850
- Long Profit Booking Zone: 45938 to 46142
- Institutions Zone:
- Support at 43054
- Resistance at 47173

**Market Outlook:**
- Unlikely to touch institutional levels today.
- After two trending days, there's a high chance the market will remain flat.
- Expiry day for option sellers.

**Trade Strategy:**
- 45000 Straddle might offer maximum profit.
- Option buyers should consider trades only if the market closes comfortably above the previous day's high or low.

**Disclaimer:** Not investment or trading advice. For educational purposes only.

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