Banknifty Intraday Analysis for 9th April 2024

8 באפר׳ 2024

BANKNIFTY

Highest Call writing of 23.44 lakh at 49000 strike followed by 23.42 Lakh at 48500. Highest Put writing of 37.36 lakh at 48000 strike followed by 24.11 Lakh at 48500 strike.

If Index sustain above 48725 level then it may go near 49000 level. Trailing SL near 48450 level.

If Index down to 48500 - 48450 and Building of Put position at 48500 strike then index will bounce back to near ATH resistance level.

Reversal of short term trend only possible below the 48000 level which is less likely in the near term.

9 באפר׳ 2024

עסקה סגורה: היעד הושג

Made high near 48960 level as analysed then tanked due to profit booking and closed above support level near 48700.