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RKMAURYA

Banknifty Intraday Analysis for 25th June 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 27.76 Lakh followed by 25.28 Lakh at 52000 Strike and 22.59 Lakh at 52500 strike and Put writing of 35.65 Lakh at 51000 Strike followed by 30.99 Lakh at 50000 Strike and 26.27 Lakh at 51500 strike. Index is closed near 51700 level.

Index has resistance near 52000 level and if index crosses and sustain above 52000 level then may reach near 52500 level. If Index crosses and sustain above 52600 level, then may reach near 53000 level.

Index has immediate support near 51200 – 51000 range and if this support is broken then index may tank near 50600 – 50500 range.
Trade closed: target reached:
Open flat and broked 52000 resistance level and reached near 52630 level above 52500 resistance level.
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