Banknifty Intraday Analysis for 28th October 2024
BANKNIFTY Index closed near 50785 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
51500 Strike – 30.67 Lakh
52000 Strike – 28.51 Lakh
52500 Strike – 23.01 Lakh
Put Writing
50000 Strike – 20.36 Lakh
49500 Strike – 16.59 Lakh
49000 Strike – 16.08 Lakh
Index has resistance near 51400 – 51500 range and if index crosses and sustains above this level then may reach near 52000 – 52200 range.
Index has immediate support near 50200 - 50000 range and if this support is broken then index may tank near 49700 - 49500 range.
Trade closed: target reached
Gap up opening with high near 51590 with close near 51330.
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.