Technical Analyst, owner of TRADEMANIAC
Level for Banknifty Index:-As per open interest 39000PE added more OI and 40000CE added more OI 39500CE seems marginally higher OI
Banknifty may open flat negative near 39400. It may go towards 39550. If it sustained above it then upside targets are 39650, 39800. If it fails to sustained then downside target is 39342 & then may slip towards 39155.
39304-39381 is important zone Shorts should be taken below 39304 on 15 mins candel sustained.