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BANKNIFTY WEEKLY ANALYSIS - 4th Feb Expiry (BUDGET BOMB !!!)

Short
Nifty Bank Index (NSE:BANKNIFTY)  
aman_saha  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Support and Resistance Chart Patterns BANKNIFTY bankniftytrend bankniftytradesetup bankniftytrading bankniftyview bankniftyanalysis bankniftyexpiry bankniftylevels indiabudget
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trendanalysis supportandresistance chartpattern banknifty bankniftytrend bankniftytradesetup bankniftytrading bankniftyview bankniftyanalysis bankniftyexpiry bankniftylevels indiabudget
Banknifty has retested the 30850 level already.

I am expecting sharp selling below 30220 level.

Hence, my plan is mostly sideways to downtrend directional trading and selling call is preferable since IV (Intrinsic Value) will be high and we can get the good premiums.

All the imp levels are marked on the chart.

Cheers.
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