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RKMAURYA

Banknifty Intraday Analysis for 15th April 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 of 29.76 Lakh at 49000 strike followed by 19.58 Lakh at 48800. Highest Put writing of 17.95L Lakh at 48500 strike followed by 17.76 Lakh at 48000 strike.

Index may face resistance near 48800 - 49000 level and retraces if index reaches in the area due to Israel Iran war tension

If Index fall below 48400 - 48350 and could not bounce back then it may further fall to 47800 47700 level.
Trade closed: target reached:
Gap down opening and closed near support level as analysed.
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