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RKMAURYA

Banknifty Intraday Analysis for 18th April 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

Highest Call writing of 14.06 Lakh at 48000 strike followed by 9.65 Lakh at 47500. Highest Put writing of 10.88 Lakh at 47500 strike followed by 9.66 Lakh at 47500 strike.

Index may face resistance near 47750 - 48000 level and retraces if index reaches in the area due to Israel Iran war tension

Index has support near 47500 level and if this support break then Index may tanked to 47000 level. Any change will be updated if any new development arise due to Israel Iran war tension arises.
Trade closed: target reached:
Open high and faced resistance near 47825 level then tanked to low near 47000 support level as analysed.
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