Nifty Bank IndexUpdated Banknifty Intraday Analysis for 14th February 2025
BANKNIFTY Index closed near 49360 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
51000 Strike – 16.73 Lakh
50000 Strike – 13.46 Lakh 50500 Strike – 9.67 Lakh
Put Writing
49000 Strike – 13.60 Lakh
48000 Strike – 11.63 Lakh
49500 Strike – 8.78 Lakh
Index has resistance near 49900 – 50000 range and if index crosses and sustains above this level then may reach near 50500 – 50600 range.
Index has immediate support near 48800 - 48700 range and if this support is broken then index may tank near 48100 - 48000 range.
Big move expected on either side with upside biases as per outcome of PM Modi and President Trump meeting and trade deals tonight followed by a press conference.
Trade closed: target reached
Open flat with high near 49595 then tank to low near 48720 and closed near 49100.
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: 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
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