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RKMAURYA

Banknifty Intraday Analysis for 23rd April 2024

Long
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 of 30.65 Lakh at 48000 strike followed by 29.91 Lakh at 49000. Highest Put writing of 23.56 Lakh at 47000 strike followed by 19.81 Lakh at 47500 strike.

Index may face resistance near 48500 - 48630 level and and go upto 49000 is sustain above 48650 level.

Index has support near 47450 level and less likely to fall below 47300 unless new geopolitical tension arises.
Order cancelled:
Gap up opening and faced resistance near 48300 level and traded in narrow range below 48150 - 48300 resistance range.
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