[INTRADAY] #BANKNIFTY PE & CE Levels (16/03/2023)

Today will be slightly gap down opening in BANKNIFTY. Expected opening below 38950 Level. After opening possible further downside of 400-500 points from this level upto 38550 level. And this can extend for another 400 points if it gives breakdown of 38450 level. Any Bullish rally is only expected in case banknifty starts trading and sustains above 39050 level.