BANKNIFTY Index closed near 53595 level and Maximum Call and Put Writing near CMP as below in April Month contract:
Call Writing
54000 Strike – 13.45 Lakh
55500 Strike – 10.97 Lakh 55000 Strike – 10.33 Lakh
Put Writing
54000 Strike – 17.81 Lakh
53000 Strike – 12.10 Lakh
52000 Strike – 8.82 Lakh
Index has resistance near 54100 – 54200 range and if index crosses and sustains above this level then may reach near 54700 – 54800 range.
Index has immediate support near 53100 - 53000 range and if this support is broken then index may tank near 52500 - 52400 range.
Trade closed: target reached
Gap up opening with low near 54560 then made high near 55465 and closed near 55385.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
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
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
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.