Nifty Bank IndexUpdated Banknifty Intraday Analysis for 12th June 2024
BANKNIFTY Maximum Call writing near CMP is at 51000 strike with 39.96 Lakh followed by 32.04 Lakh at 50000 Strike and 23.96 Lakh at 50500 strike and Put writing of 33.25 Lakh at 48000 Strike followed by 26.76 Lakh at 49000 Strike and 22.56 Lakh at 49500 strike. Index is closed near 49705 level.
Index has resistance near 50125 level and if index crosses and sustain above 50200 level then may reach near 50700 - 51100 range.
Index has immediate support near 49400 level and if this support is broken then index may tank near 49000 level.
Trade closed: target reached
Open flat and moved above 50200 level but could not sustain and closed near 49790 level.
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.