Nifty Bank IndexUpdated Banknifty Intraday Analysis for 9th July 2024
BANKNIFTY Maximum Call writing near CMP is at 53000 strike with 31.49 Lakh followed by 28.41 Lakh at 52500 Strike and 24.89 Lakh at 53500 strike and Put writing of 21.72 Lakh at 51000 Strike followed by 20.81 Lakh at 52500 Strike and 20.43 Lakh at 52000 strike. Index is closed near 52425 level.
Index has resistance near 52700 - 52800 range and if index crosses and sustain above 52800 level then may reach near 53100 - 53300 range. If Index crosses and sustain above 53300 level, then may reach near 53500 level.
Index has immediate support near 52250 - 52000 level and if this support is broken then index may tank near 51850 – 51800 range.
Note
Open flat with low near 52290 and bounced with high near 52625 level.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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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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