Please note that a technical bounce back is expected today and thus avoid shorting today. However, volumes will be low as mother market USA is closed due to Christmas.

BankNifty Spot View For 26/12/2022
Cmp: 41668
Support & Downside Range: 41597—41215--40800
Resistance & Upside Range: 41850—41935—42000 zone, 42200—42560
Short-Term Trend Reversal Level: -- 43614.65

Bank Nifty Option Chart

Trading View: In today's gap-up market key level to watch is the 41935—42200 spot zone if bulls are unable to cross and sustain above this level then we may again see selling pressure to start in the bank index which may lead it toward the 41215 minimum to max 40800 levels in coming days whereas break and sustain above 41935—42000 spot zone bank bulls will go in the safer zone and intraday move gets extend towards 42200 minimum to max 42560.

We will be updating the Bank Nifty Option Chart during market hours and remember that it is not static data but keep changing every second.

BankNifty - Current Expiry - Critical Option Analytics Data
Strongest Support	Strengthening Support	PCR	MaxPain	Strengthening Resistance	Strongest Resistance
41500	42000	0.888301	42000	42000	42000

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Update

CBI arrests Videocon Chairman Venugopal Dhoot in ICICI Bank fraud case and China Conducts Strike Drills With 71 Warplanes Around Taiwan, 43 Planes Cross Taiwan Strait: Taipei

As USA market closed today. Commodities will remain in small range and no big movement expected today.