Banknifty Intraday Analysis for 4th December 2024
BANKNIFTY Index closed near 52695 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
53000 Strike – 15.73 Lakh
54000 Strike – 14.86 Lakh
53500 Strike – 10.41 Lakh
Put Writing
52500 Strike – 15.73 Lakh
52000 Strike – 14.98 Lakh
53000 Strike – 8.44 Lakh
Index has resistance near 52950 – 53100 range and if index crosses and sustains above this level then may reach near 53500 – 53600 range.
Index has immediate support near 52300 - 52200 range and if this support is broken then index may tank near 51800 - 51700 range.
Trade closed: target reached
Gap up opening with low near 52685 and bounced to high near 53390 with close near 53265.
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: 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
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