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Banknifty Intraday Analysis for 20th August 2024
Nifty Bank Index
Banknifty Intraday Analysis for 20th August 2024
By RKMAURYA
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Updated
Aug 20
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Aug 19
BANKNIFTY
Index closed near 50370 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
50500 Strike – 29.15 Lakh
51000 Strike – 27.59 Lakh
51500 Strike – 19.18 Lakh
Put Writing
50000 Strike – 21.77 Lakh
50500 Strike – 15.07 Lakh
49500 Strike – 14.78 Lakh
Index has resistance near 50850 – 51000 range and if index crosses and sustain above 51100 level then may reach near 51600 – 51800 range.
Index has immediate support near 50150 – 50000 range and if this support is broken then index may tank near 49650 - 49500 range.
Aug 20
Trade closed: target reached
Open flat and made high near 51000 resistance level with close near 50720.
Supply and Demand
Support and Resistance
Trend Lines
RKMAURYA
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