[INTRADAY] #BANKNIFTY PE & CE Levels(28/08/2024)

🔔 Bank Nifty Update for Today:

📊 Expected Opening:

Opening Outlook: Flat

📈 Consolidation Zone:

Range: 51050 - 51450
Bank Nifty is expected to open flat today. The levels between 51050 and 51450 are likely to be a consolidation zone.

📈 Potential Upside Movement:

Strong Rally: Expected if Bank Nifty starts trading above 51550
If Bank Nifty breaks out above 51550, a strong upside rally is anticipated.

📉 Downside Risk:

Major Downside: Only expected if the index breaks down below 50950
Any significant downside is likely only if Bank Nifty gives a breakdown below 50950.