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RKMAURYA

Banknifty Intraday Analysis for 13th May 2024

Nifty Bank Index (NSE:BANKNIFTY)  
RKMAURYA Updated   
NSE:BANKNIFTY   Nifty Bank Index
Support and Resistance Supply and Demand Trend Lines
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supportandresistance supplyanddemand trendline
BANKNIFTY

Highest Call writing of 33.89 Lakh at 48000 strike followed by 23.54LLakh at 49000 strike and 20.67 Lakh at 48500 strike. Highest Put writing of 18.87 Lakh at 47500 strike followed by 13.26 Lakh at 46500 strike and 14.73 Lakh at 47000 strike. Index closed near 47420 level.

Index may reach near 46980 level if 47250 support level broken. If 46980 support is also broken, then index may reach near 46500 46400 level.

Index may face resistance near 4800 level and less likely to sustain above 48100 level.
Trade closed: target reached:
Tanked to low near and found support near 46980 and bounced to high near 47800 level.
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