BANKNIFTY ANALYSIS FOR 28-12-2021

With Gapdown BankNifty Formed a Pinbar in Morning Which was clear-cut indication of reversal. But Today We had taken position as per fibo level and Previous Supply and demand zone area. Now I am expecting a gapup open due to strong PUT writing Data. with Gaup BankNifty may go upto 35500 level from there we can see some profit booking. And on Crossing 35554 level BankNifty may go further upside levels are given in Chart to trade accordingly. On the down side 35000 is now support , if broken then fall can be see due to trapped PUT writer. :)

BankNifty PCR : 1.14