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RKMAURYA

Banknifty Intraday Analysis for 9th 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 14.23 Lakh at 48000 strike followed by 13.20 Lakh at 48500 strike and 11.14 Lakh at 49000 strike. Highest Put writing of 14.05 Lakh at 48000 strike followed by 6.14 Lakh at 47800 strike and 6.00 Lakh at 47500 strike. Index closed near 48020 level.

Index may reach 48500 – 48625 if crosses and sustain above 22250 level.

Index has strong support near 47900 - 47850 level and may reach near 47500 – 47400 level if tank below 47800 level.


Trade closed: target reached:
Open flat then tanked to low near 47440 level as analysed.
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