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RKMAURYA

Banknifty Intraday Analysis for 30th May 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

Highest Call writing near CMP is at 49000 strike of 7.35 Lakh followed by 4.66 Lakh at 49500 strike and 4.35 Lakh at 48500 strike. Highest Put writing of 6.18 Lakh at 49000 strike followed by 3.53 Lakh at 48000 strike and 3.49 Lakh at 48500 strike. Index closed near 49500 level.

Index has resistance near 48700 level and if crosses and sustain above 48725 level and may reach near 49000 and if crossed above 49100 level then reach near 49350 – 49500 range.

Index has support near 48250 level and if 48250 support level broken then index may reach near 47900 level.
Trade closed: target reached:
Open flat but could not cross 49000 resistance level and traded in range between 48340 - 49000.
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