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RKMAURYA

Banknifty Intraday Analysis for 27th May 2024

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

Highest Call writing near CMP is at 50000 strike of 27.05 Lakh followed by 22.69 Lakh at 49000 strike and 17.60 Lakh at 49500 strike. Highest Put writing of 31.00 Lakh at 48000 strike followed by 18.00 Lakh at 48500 strike and 16.08 Lakh at 47500 strike. Index closed near 48970 level.

Index is facing resistance near 49000 - 49100 level and if crosses and sustain above 49150 level and may reach near 49500 and if crosses 48600 level then may reach near 50000 level.

Index has support near 48650 - 48500 range and if 48500 support level broken then index may reach near 48250 level.
Trade closed: target reached:
Gap up opening and made high near 47690 but could not sustain and closed near 49280 level.
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