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Nifty Bank Index
Updated

Banknifty Intraday Analysis for 19th February 2025

35
BANKNIFTY

Index closed near 49085 level and Maximum Call and Put Writing near CMP as below in February Month contract:

Call Writing
50000 Strike – 14.49 Lakh
50500 Strike – 12.42 Lakh 49000 Strike – 11.60 Lakh

Put Writing
49000 Strike – 12.22 Lakh
48000 Strike – 12.14 Lakh
48500 Strike – 7.31 Lakh

Index has resistance near 49700 – 49800 range and if index crosses and sustains above this level then may reach near 50300 – 50400 range.

Index has immediate support near 48600 - 48500 range and if this support is broken then index may tank near 48100 - 48000 range.
Trade closed: target reached
Gap down opening and made low near48805 then bounced and made high near 49630 and closed near 49570.
RKMAURYA
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.

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Supply and DemandSupport and ResistanceTrend Lines

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Supply and DemandSupport and ResistanceTrend Lines
RKMAURYA
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.

Request for follow on X @rkmaurya_ra
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.