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Nifty Bank Index
Updated

Banknifty Intraday Analysis for 18th June 2024

56
BANKNIFTY

Maximum Call writing near CMP is at 50000 strike with 27.03 Lakh followed by 19.95 Lakh at 51000 Strike and 15.62 Lakh at 50500 strike and Put writing of 22.73 Lakh at 50000 Strike followed by 18.48 Lakh at 49000 Strike and 16.17 Lakh at 49500 strike. Index is closed near 50000 level.

Index has resistance near 50250 level and if index crosses and sustain above 50250 level then may reach near 50500 - 50600 range. If index crosses 50600 level, then may reach near 51000 level.

Index has immediate support near 49400 level and if this support is broken then index may tank near 49000 level.
Trade closed: target reached
Open flat and made high above 50500 resistance level at the end but could not sustain and closed below 50500 level.
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.