BANKNIFTY Index closed near 55415 level and Maximum Call and Put Writing near CMP as below in current monthly contract:
Call Writing
57000 Strike – 17.55 Lakh
56000 Strike – 17.36 Lakh 55500 Strike – 15.41 Lakh
Put Writing
55000 Strike – 14.97 Lakh
54000 Strike – 13.72 Lakh
55500 Strike – 12.84 Lakh
Index has resistance near 55800 – 55900 range and if index crosses and sustains above this level then may reach near 56400 – 56500 range.
Index has immediate support near 54800 - 54700 range and if this support is broken then index may tank near 54300 - 54200 range.
Trade closed: target reached
Gap up opening but tank to low near 55095 then bounced and made high near 55785 and closed near 55545.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.