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RKMAURYA

Banknifty Intraday Analysis for 19th April 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 26.11 Lakh at 48000 strike followed by 17.84 Lakh at 47500. Highest Put writing of 15.12 Lakh at 47000 strike followed by 12.48 Lakh at 47500 strike.

Index may face resistance near 47750 - 48000 level and retraces if index reaches in the area due to weekend and Israel Iran war tension

Index has support near 47000 level and if this support break then Index may tanked to 46550 level.
Trade closed: target reached:
Gap down opening but could not break 46550 support level and bounced back to near 47700 resistance level.
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