KATIK BankNifty Upside/Downside Levels

The KATIK BankNifty Upside/Downside Levels (BNUDL) indicator plots key daily reference levels for BankNifty based on its opening price. Using a predefined daily move percentage, it calculates potential upside and downside levels from the open. The script displays:

Up Level (Green): Potential bullish threshold above the open

Down Level (Red): Potential bearish threshold below the open

Open Price (Blue Circles): Daily BankNifty opening level

This tool helps traders quickly identify intraday directional bias and potential support/resistance zones around the opening price.