BANKNIFTY Index closed near 55355 level and Maximum Call and Put Writing near CMP as below in April Month contract:
Call Writing
56000 Strike – 12.07 Lakh
55500 Strike – 11.88 Lakh 57000 Strike – 10.16 Lakh
Put Writing
55000 Strike – 19.19 Lakh
54000 Strike – 12.49 Lakh
55500 Strike – 7.95 Lakh
Index has resistance near 56000 – 56100 range and if index crosses and sustains above this level then may reach near 56500 – 56600 range.
Index has immediate support near 55000 - 54900 range and if this support is broken then index may tank near 54600 - 54500 range.
Trade closed: target reached
Open flat and traded in range between high near 55420 and low near 55170 and closed near 55355.
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.