Banknifty Intraday Analysis for 30th September 2024
Updated
BANKNIFTY Index closed near 53835 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
54000 Strike – 27.72 Lakh
54500 Strike – 27.10 Lakh
54200 Strike – 25.55 Lakh
Put Writing
54000 Strike – 23.53 Lakh
53500 Strike – 14.05 Lakh
53000 Strike – 13.85 Lakh
Index has resistance near 54400 – 54500 range and if index crosses and sustains above 54500 level then may reach near 55000 – 55100 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 and tanked to low near 52926 with close near 52990 level.
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.