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RKMAURYA

Banknifty Intraday Analysis for 29th 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 50000 strike of 48.29 Lakh followed by 35.78 Lakh at 49500 strike and 25.72 Lakh at 49600 strike. Highest Put writing of 42.04 Lakh at 48000 strike followed by 26.49 Lakh at 49000 strike and 19.13 Lakh at 48500 strike. Index closed near 49140 level.

Index has resistance near 49500 - 49600 level and if crosses and sustain above 49650 level and may reach near 50000.

Index has support near 49000 – 48900 range and if 48900 support level broken then index may reach near 48650 level.
Trade closed: target reached:
Gap down opening and broked 48650 support level and made low near 48400 level and closed near 48575 level.
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