BANKNIFTY
Highest Call writing of 27.73 Lakh at 48000 strike followed by 22.25 Lakh at 48500 strike and 21.22 Lakh at 49000 strike. Highest Put writing of 13.36 Lakh at 47500 strike followed by 13.15 Lakh at 48000 strike and 12.74 Lakh at 47000 strike. Index closed near 47490 level.
Index has reach near 46980 level if 47250 support level broken. If 46980 support is broken then index may reach near 46400 46300 level.
Index may face resistance near 47900 level and if index crosses and sustain 47900 level then likely to go beyond 48150 - 48200 level.