[INTRADAY] #BANKNIFTY PE & CE Levels(19/08/2024)

🔔 Bank Nifty Update for Today:

📈 Gap-Up Opening Expected:

Key Level: 50550
Potential Upside Target: 51000
If Bank Nifty sustains above the 50550 level after the opening, we could witness a strong upward rally, potentially pushing the index towards the 51000 mark. This scenario indicates bullish momentum and a chance for further gains.

📉 Watch for Downside:

Critical Level: 50450
Possible Downfall Range: 400-500 points
However, if Bank Nifty fails to hold the 50550 level and starts trading below 50450, a downside move may be imminent. In this case, we could see a significant drop, with the index potentially declining by 400 to 500 points.