BANKNIFTY Index closed near 50065 level and Maximum Call and Put Writing near CMP as below in March Month contract:
Call Writing
51000 Strike – 15.38 Lakh
50500 Strike – 13.93 Lakh 49000 Strike – 10.82 Lakh
Put Writing
49000 Strike – 22.66 Lakh
50000 Strike – 13.39 Lakh
49500 Strike – 10.77 Lakh
Index has resistance near 50500 – 50600 range and if index crosses and sustains above this level then may reach near 51000 – 51100 range.
Index has immediate support near 49650 - 49550 range and if this support is broken then index may tank near 49100 - 49000 range.
Trade closed: target reached
Open flat with low near 49890 then made high near 50670 and closed near 50595.
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.