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Nifty Bank Index
Updated

Banknifty Intraday Analysis for 18th February 2025

40
BANKNIFTY

Index closed near 49260 level and Maximum Call and Put Writing near CMP as below in February Month contract:

Call Writing
50000 Strike – 13.21 Lakh
50500 Strike – 12.38 Lakh 49000 Strike – 10.31 Lakh

Put Writing
49000 Strike – 13.07 Lakh
48000 Strike – 11.95 Lakh
50000 Strike – 8.08 Lakh

Inverse Head & Shoulder pattern is being formed on the Index on 15 Minute chart which is signalling upside momentum.

Index has resistance near 49800 – 49900 range and if index crosses and sustains above this level then may reach near 50400 – 50500 range.

Index has immediate support near 48700 - 48600 range and if this support is broken then index may tank near 48000 - 47900 range.
Trade closed: target reached
Open flat with high near 49330 then tanked to low near 48814 and again bounced to close near 49085.
RKMAURYA
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.

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Supply and DemandSupport and ResistanceTrend Lines

Disclaimer

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Supply and DemandSupport and ResistanceTrend Lines
RKMAURYA
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.

Request for follow on X @rkmaurya_ra
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.