BANKNIFTY Levels 02/08/2022

BankNifty is close to its last bullish target. There is daily supply zone at 38400. There are chances that BankNifty might reverse from this level or consolidate around this level before sliding down.

There are 2 possibilities today and you can plan your trade according to levels.

1) After flat or gap down opening, BUY CE if market sustains above 38000 in 15 mins candle for targets of 38300-38400. BUY PE at 38300 for target of 38000

2) After flat or gap down opening, BUY PE if market sustains below 37600 in 15 mins candle for targets of 37000 - 36800.