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RKMAURYA

Banknifty Intraday Analysis for 15th 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

Highest Call writing of 35.63 Lakh at 49000 strike followed by 34.73 Lakh at 48000 strike and 28.14 Lakh at 48500 strike. Highest Put writing of 25.80 Lakh at 46500 strike followed by 24.87 Lakh at 47000 strike and 23.75 Lakh at 47500 strike. Index closed near 47860 level.

Index may reach near 48250 level and if crosses and sustain above 47900 level and may reach near 48500 if crosses 48250 level.

Index has support near47500 - 47250 level and if 47250 support level broken then index may reach near 46500 46980 level.
Trade closed: target reached:
Open flat but index could not cross and sustain above 47900 level and made low near 47535 level.
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