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RKMAURYA

Banknifty Intraday Analysis for 2nd May 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 of 16.22 Lakh is at 49500 strike followed by 13.88 Lakh at 50000 Strike and and Put writing of 12.02 Lakh at 49500 Strike followed by 11.58 Lakh at 49000 Strike. Index is closed near 49400.

US FOMC outcome will be declared on 1st May which is Holiday here and reaction will be seen on 2nd May on India Market.

If US FOMC commentary is positive, then index may reach near 50000 - 50100 level. if FOMC commentary is negative then index may tank to near 48800 - 48650 level.
Trade closed: target reached:
Open flat about could not break 49500 resistance level and tanked to low near 49200 level.
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