Banknifty Intraday Analysis for 08th October 2024
Updated
BANKNIFTY Index closed near 50480 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
52000 Strike – 30.57 Lakh
51500 Strike – 17.12 Lakh
51000 Strike – 10.47 Lakh
Put Writing
50000 Strike – 16.18 Lakh
50500 Strike – 11.86 Lakh
51000 Strike – 11.49 Lakh
Index has resistance near 51300 – 51500 range and if index crosses and sustains above this level then may reach near 52800 – 53000 range.
Index has immediate support near 50100 – 50000 range and if this support is broken then index may tank near 49600 - 49500 range.
Trade closed: target reached
Gap up opening with low near 50465 and bounced to make high near 51175 with close near 51075.
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