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RKMAURYA

Banknifty Intraday Analysis for 25th April 2024

Long
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 11.10 Lakh at 48500 strike followed by 9.37 Lakh at 48000 and 7.66 Lakh at 49000 strike. Highest Put writing of 12.99 Lakh at 48000 strike followed by 8.21 Lakh at 48200 strike and 5.53 Lakh at 47500 strike.

Index may face resistance near 48500 - 48650 level and and go upto 49000 is sustain above 48650 level.

Index has support near 47900 - 47750 level and less likely to fall below 47450 unless new geopolitical tension arises.
Trade closed: target reached:
Gap down opening and found support near 47750 level then bounced and faced resistance near 48650 level as analysed.
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