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RKMAURYA

Banknifty Intraday Analysis for 8th 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 49.54 Lakh at 49500 strike followed by 46.18 Lakh at 50000 strike and 45.03 Lakh at 49000 strike. Highest Put writing of 30.72 Lakh at 47000 strike followed by 27.47 Lakh at 48000 strike and 20.71 Lakh at 47500 strike. Index closed near 48285 level.

Index has support near 47900 level and if this support is broken then index may reach near 47400 level.

Index may reach near 48625 level if crosses and sustain above 49000 level likely to go beyond 49100 level
Trade closed: target reached:
Gap down opening and found support near 47900 as analysed then bounced to high near 48170 level.
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