Nifty Bank IndexUpdated Banknifty Intraday Analysis for 22nd July 2024
BANKNIFTY Index closed near 52265 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
53000 Strike – 13.60 Lakh
52500 Strike – 13.44 Lakh
53500 Strike – 7.98 Lakh
Put Writing
52000 Strike – 8.53 Lakh
52500 Strike – 7.67 Lakh
51500 Strike – 6.63 Lakh
Index has resistance near 52800 level and if index crosses and sustain above 52850 level then may reach near 53200 - 53300 range. If Index crosses and sustain above 53300 level, then may reach near 53500 level.
Index has immediate support near 52100 – 52000 range and if this support is broken then index may tank near 51700 level and if 51700 support is broken then index may tank to 51300 – 51100 range.
However, due to Budget on 23rd July 2024, Index likely to be in range.
Trade closed: target reached
Open flat with low near 51875 level and bounced with high near 52425 and close near 52330 level.
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: 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
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