Nifty Bank IndexUpdated Banknifty Intraday Analysis for 3rd July 2024
BANKNIFTY Maximum Call writing near CMP is at 53000 strike with 57.91 Lakh followed by 36.59 Lakh at 53500 Strike and 30.90 Lakh at 52500 strike and Put writing of 26.94 Lakh at 52000 Strike followed by 26.44 Lakh at 51000 Strike and 21.64 Lakh at 51500 strike. Index is closed near 52170 level.
Index has resistance near 52700 – 52800 range and if index crosses and sustain above 52850 level then may reach near 53000 – 53200 range. If Index crosses and sustain above 53200 level, then may reach near 53500 level.
Index has immediate support near 51750 – 51600 range and if this support is broken then index may tank near 51200 level.
Trade closed: target reached
Gap up opening above 52700 and faced resistance near 53000 - 53200 range.
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.