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RKMAURYA

Banknifty Intraday Analysis for 29th April 2024

Long
Nifty Bank Index (NSE:BANKNIFTY)  
RKMAURYA Updated   
NSE:BANKNIFTY   Nifty Bank Index
Support and Resistance Supply and Demand Trend Lines
8
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supportandresistance supplyanddemand trendline
BANKNIFTY

Highest Call writing of 31.23 Lakh at 48500 strike followed by 25.67 Lakh at 49000 strike. Highest Put writing of 29.37 Lakh at 48000 strike followed by 14.10 Lakh at 47500 strike.

Index is expected to open positive and go near 48550 - 48670 level and if sustain above it then can reach near 49000 level.

Index has support near 47925 0 47750 level and less likely to go below this level unless new geopolitical crisis arises.
Trade closed: target reached:
Gap up opening and crossed 49000 level and made high near 49465 level.
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