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RKMAURYA

Banknifty Intraday Analysis for 24th 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 52000 strike with 24.52 Lakh followed by 24.54 Lakh at 52500 Strike and 21.88 Lakh at 53000 strike and Put writing of 25.83 Lakh at 51000 Strike followed by 25.30 Lakh at 50000 Strike and 17.36 Lakh at 50500 strike. Index is closed near 51660 level.

Index has resistance near 51800 - 52000 range and if index crosses and sustain above 52000 level then may reach near 52500 level.

Index has immediate support near 51200 – 51000 range and if this support is broken then index may tank near 50600 – 50500 range.
Trade closed: target reached:
Gap down opening and made low near 51150 and bounded to close near 51700 level.
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