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RKMAURYA

Banknifty Intraday Analysis for 4th July 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

Maximum Call writing near CMP is at 53000 strike with 11.50 Lakh followed by 8.47 Lakh at 53500 Strike and 8.46 Lakh at 54000 strike and Put writing of 13.95 Lakh at 53000 Strike followed by 9.44 Lakh at 52000 Strike and 9.28 Lakh at 52500 strike. Index is closed near 53090 level.

Index has resistance near 53200 range and if index crosses and sustain above 53250 level then may reach near 53500 range. If Index crosses and sustain above 53600 level, then may reach near 54000 level.

Index has immediate support near 52700 level and if this support is broken then index may tank near 52200 – 52000 range.
Trade closed: target reached:
Gap up opening but could not sustain above 53250 resistance level and tanked to low near 52820 level.
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