BANKNIFTY Index closed near 54610 level and Maximum Call and Put Writing near CMP as below in April Month contract:
Call Writing
55500 Strike – 10.98 Lakh
55000 Strike – 10.42 Lakh 56000 Strike – 8.74 Lakh
Put Writing
54000 Strike – 14.66 Lakh
53000 Strike – 13.31 Lakh
53500 Strike – 10.62 Lakh
Index has resistance near 55100 – 55200 range and if index crosses and sustains above this level then may reach near 55600 – 55700 range.
Index has immediate support near 54100 - 54000 range and if this support is broken then index may tank near 53600 - 53500 range.
Trade closed: target reached
Gap up opening with high near 54935 then tank to low near 54110 and closed near 54365.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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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
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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.