BANKNIFTY Index closed near 54365 level and Maximum Call and Put Writing near CMP as below in April Month contract:
Call Writing
55500 Strike – 10.55 Lakh
55000 Strike – 9.99 Lakh 54000 Strike – 8.78 Lakh
Put Writing
54000 Strike – 18.36 Lakh
53000 Strike – 13.41 Lakh
55000 Strike – 7.29 Lakh
Index has resistance near 54800 – 54900 range and if index crosses and sustains above this level then may reach near 55400 – 55500 range.
Index has immediate support near 53600 - 53500 range and if this support is broken then index may tank near 53000 - 52900 range.
Trade closed: target reached
Gap down opening with high near 54055 then further tank to low near 53485 and closed near 53595.
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.
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.