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RKMAURYA

Banknifty Intraday Analysis for 23rd May 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 22.91 Lakh at 48000 strike followed by 13.96 Lakh at 49000 strike and 11.40 Lakh at 48500 strike. Highest Put writing of 16.27 Lakh at 48000 strike followed by 10.04 Lakh at 47000 strike and 9.95 Lakh at 47500 strike. Index closed near 47780 level.

Index is facing resistance near 47950 – 48000 range and if crosses and sustain above 48000 level and may reach near 48250 and if crosses 482500 level then may reach near 48500 - 48600 level.

Index has support near 47600 - 47400 level and if 47400 support level broken then index may reach near 47250 - 47100 level.
Trade closed: target reached:
Open flat broked 48250 and 48500 resistance level and closed near 48735 level.
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