Nifty Bank IndexUpdated Banknifty Intraday Analysis for 11th July 2024
BANKNIFTY Maximum Call writing near CMP is at 52500 strike with 13.50 Lakh followed by 10.60 Lakh at 53000 Strike and 7.76 Lakh at 53500 strike and Put writing of 9.61 Lakh at 52000 Strike followed by 6.52 Lakh at 51000 Strike and 5.62 Lakh at 52500 strike. Index is closed near 52190 level.
Index has resistance near 52600 - 52700 range and if index crosses and sustain above 52700 level then may reach near 53200 - 53300 range. If Index crosses and sustain above 53300 level, then may reach near 53500 level.
Index has immediate support near 51900 – 51800 range and if this support is broken then index may tank near 51400 – 51150 range.
Trade closed: target reached
Open high with 52400 level then tanked to low near 51750 level and bounced to close near 52305 level.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
Disclaimer
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