BankNifty to touch 50000!.When?

48800 remains a strong resistance and the attempt to break has failed multiple times. The market is likely to make one more attempt to touch 50K before returning to 46000

Weekly Support: 47900 => 46650
Weekly Resistance: 48900
Trend: May Reverse to Bearish

Strangles on April's second week and above contracts are better option strategies

Disclaimer: Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

By Sathish Kavinchal
SEBI Registered Research Analyst
INH200007539