BANKNIFTY Index closed near 54270 level and Maximum Call and Put Writing near CMP as below in April Month contract:
Call Writing
55500 Strike – 10.47 Lakh
55000 Strike – 10.25 Lakh 56000 Strike – 8.82 Lakh
Put Writing
53500 Strike – 13.96 Lakh
53000 Strike – 13.79 Lakh
54000 Strike – 11.78 Lakh
Index has resistance near 54600 – 54700 range and if index crosses and sustains above this level then may reach near 55100 – 55200 range.
Index has immediate support near 53700 - 53600 range and if this support is broken then index may tank near 53100 - 53000 range.
Trade closed: target reached
Gap down opening with low near 53920 then bounced and made high near 54685 and closed near 54610.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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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.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
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.