Get started
RKMAURYA

Banknifty Intraday Analysis for 26th April 2024

Nifty Bank Index (NSE:BANKNIFTY)  
RKMAURYA Updated   
NSE:BANKNIFTY   Nifty Bank Index
Support and Resistance Supply and Demand Trend Lines
2
0
supportandresistance supplyanddemand trendline
BANKNIFTY


Highest Call writing of 20.77 Lakh at 48500 strike followed by 18.70 Lakh at 49000 strike. Highest Put writing of 25.35 Lakh at 48000 strike followed by 13.98 Lakh at 47500 strike.

As the weak US Q1 Data and gap down opening expected and if bounced then Index may face resistance near 48500 - 48650 level and and go upto 49000 is sustain above 48650 level.

Gap down expected and Index may find support near near 47900 - 47750 level.
Trade closed: target reached:
Gap up opening instead of gap down even though faced resistance near 48650 level then tanked to low near 48100 level.
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.