Banknifty trend is still on the bullish side. Banknifty will take next resistance at 22350 if this break we will see banknifty move towards 22500+. We will see a big fall if banknifty break the support trend line minimum 200-300 point downfall will get after the breakdown of support trend line. Today's market trend is positive side but still, we will find PE options positions at the resistance level.
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First PE option Trade Initiated near resistance level 22350 Banknifty 22000PE @240 1st Target Done of 270