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RKMAURYA

Banknifty Intraday Analysis for 24th April 2024

Long
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 40.95 Lakh at 48000 strike followed by 36.69 Lakh at 48500. Highest Put writing of 29.30 Lakh at 48000 strike followed by 28.38 Lakh at 47000 strike and 23.84 Lakh at 47500 strike.

Index may face resistance near 48650 level and and go upto 49000 is sustain above 48650 level.

Index has support near 47700 level and less likely to fall below 47450 unless new geopolitical tension arises.
Trade closed: target reached:
Positive opening and traded in narrow range 48125 - 47260 level as analysed earlier.
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