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RKMAURYA

Banknifty Intraday Analysis for 19th June 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

Maximum Call writing near CMP is at 50500 strike with 30.05 Lakh followed by 29.08 Lakh at 51000 Strike and 23.10 Lakh at 51500 strike and Put writing of 39.22 Lakh at 50000 Strike followed by 30.82 Lakh at 49000 Strike and 26.00 Lakh at 49500 strike. Index is closed near 50440 level.

Index has resistance near 50500 – 50600 range and if index crosses and sustain above 50600 level then may reach near 50900 - 51000 range.

Index has immediate support near 50200 level and if this support is broken then index may tank near 49900 level.
Trade closed: target reached:
Gap up opening and faced resistance near 51000 level and made high near 51950 level once broke and sustain above 51200 level.
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