Long

Banknifty Intraday Analysis for 3rd April 2024

Updated

Highest Call writing at 48000 strike with 41.92 Lakh Contract and Put writing at 47000 strike with 34.98 Lakh. 2nd highest Call writing of 32.89 Lakh at 47600 Strike and Put writing of 29.97 Lakh at 47500 strike.

If Index crosses 47720 and sustain then it may go near 48000 level. Trailing SL near 47600

If Index down below 474400 then index may go near 47000 . This scenario is less likely but anything can happen.

Trade closed: target reached

Index tank to near support of 47300 level then bounced to high near 47680 level despite the news of Earthquake in Taiwan and Good US Economic Data.

RKMAURYA

Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.

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