Banknifty Intraday Analysis for 21st May 2024NSE:BANKNIFTY
Highest Call writing of 20.18 Lakh at 48500 strike followed by 18.50 Lakh at 48000 strike and 16.44 Lakh at 49000 strike. Highest Put writing of 21.99 Lakh at 48000 strike followed by 16.92 Lakh at 47500 strike and 14.01 Lakh at 47000 strike. Index closed near 48200 level.
Index may reach near 48500 level and if crosses and sustain above 48250 level and may reach near 49000 if crosses 48600 level.
Index has support near 48025 - 47900 level and if 47900 support level broken then index may reach near 47650 level.