BANKNIFTY Index closed near 55400 level and Maximum Call and Put Writing near CMP as below in current monthly contract:
Call Writing
55500 Strike – 13.38 Lakh
56000 Strike – 12.94 Lakh 57000 Strike – 10.89 Lakh
Put Writing
55000 Strike – 17.60 Lakh
54000 Strike – 14.33 Lakh
55500 Strike – 9.95 Lakh
Index has resistance near 55900 – 56000 range and if index crosses and sustains above this level then may reach near 56500 – 56600 range.
Index has immediate support near 54700 - 54600 range and if this support is broken then index may tank near 54100 - 54000 range.
Trade closed: target reached
Gap up opening and made high near 55875 than tank to low near 55310 and closed near 55570.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Request for follow on X @rkmaurya_ra
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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.