Nifty Bank IndexUpdated Banknifty Intraday Analysis for 24th February 2025
BANKNIFTY Index closed near 48980 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
50000 Strike – 18.72 Lakh
49000 Strike – 15.07 Lakh 49500 Strike – 14.84 Lakh
Put Writing
49000 Strike – 13.39 Lakh
48000 Strike – 12.79 Lakh
48500 Strike – 9.88 Lakh
Index has resistance near 49500 – 49600 range and if index crosses and sustains above this level then may reach near 50300 – 50400 range.
Index has immediate support near 48500 - 48400 range and if this support is broken then index may tank near 47900 - 47800 range.
Trade closed: target reached
Gap down opening with low near 48280 then bounced to make day high near 48750 and closed near 48650.
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.