Nifty Bank IndexUpdated Banknifty Intraday Analysis for 20th February 2025
BANKNIFTY Index closed near 49570 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
50000 Strike – 12.37 Lakh
50500 Strike – 11.69 Lakh 49500 Strike – 10.46 Lakh
Put Writing
49000 Strike – 15.95 Lakh
48500 Strike – 10.23 Lakh
49500 Strike – 9.12 Lakh
Index has resistance near 50000 – 50100 range and if index crosses and sustains above this level then may reach near 50400 – 50500 range.
Index has immediate support near 49000 - 48900 range and if this support is broken then index may tank near 48700 - 48500 range.
Trade closed: target reached
Gap down opening with high near 49455 and further tank to low near 49150 and closed near 49335.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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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.
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
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.