Banknifty Intraday Analysis for 30th August 2024
Updated
BANKNIFTY Index closed near 51155 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
51500 Strike – 22.36 Lakh
52000 Strike – 19.36 Lakh
51200 Strike – 14.27 Lakh
Put Writing
51000 Strike – 20.32 Lakh
51200 Strike – 10.30 Lakh
50500 Strike – 8.76 Lakh
Index has resistance near 51400 – 51500 range and if index crosses and sustain above 51500 level then may reach near 51900 – 51950 range.
Index has immediate support near 50900 – 50850 range and if this support is broken then index may tank near 50500 - 49400 range.
Trade closed: target reached
Gap up opening and made high near 51465 level then tanked and closed near 51320 level.
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