Nifty Bank IndexUpdated Banknifty Intraday Analysis for 03rd March 2025
BANKNIFTY Index closed near 48345 level and Maximum Call and Put Writing near CMP as below in March Month contract:
Call Writing
49000 Strike – 10.20 Lakh
50000 Strike – 9.16 Lakh 48500 Strike – 4.37 Lakh
Put Writing
48000 Strike – 8.35 Lakh
49000 Strike – 7.79 Lakh
47000 Strike – 7.04 Lakh
Index has resistance near 48900 – 49000 range and if index crosses and sustains above this level then may reach near 49500 – 49600 range.
Index has immediate support near 47800 - 47700 range and if this support is broken then index may tank near 47100 - 47000 range.
Volatility expected due to non resolution of Russia Ukraine war and imposition of import tariff by US on Canada Mexico and China with effect from 4th March 2025.
Trade closed: target reached
Gap up opening with high near 48575 then tank to low near 47845 and close near 48115.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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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.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
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.