BANKNIFTY
Index closed near 54105 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
55000 Strike – 24.29 Lakh
54000 Strike – 20.34 Lakh
54200 Strike – 14.82 Lakh
Put Writing
53000 Strike – 29.52 Lakh
55500 Strike – 24.23 Lakh
54000 Strike – 22.09 Lakh
Index has resistance near 54200 – 54300 range and if index crosses and sustains above 54300 level then may reach near 54500 – 54600 range.
Index has immediate support near 53700 – 53500 range and if this support is broken then index may tank near 53000 - 529500 range.
Index closed near 54105 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
55000 Strike – 24.29 Lakh
54000 Strike – 20.34 Lakh
54200 Strike – 14.82 Lakh
Put Writing
53000 Strike – 29.52 Lakh
55500 Strike – 24.23 Lakh
54000 Strike – 22.09 Lakh
Index has resistance near 54200 – 54300 range and if index crosses and sustains above 54300 level then may reach near 54500 – 54600 range.
Index has immediate support near 53700 – 53500 range and if this support is broken then index may tank near 53000 - 529500 range.
Trade closed: target reached
Open flat and traded in narrow range.
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.
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.