Banknifty Intraday Analysis for 20th December 2024

Index closed near 51575 level and Maximum Call and Put Writing near CMP as below in December Month contract:

Call Writing
52500 Strike – 21.05 Lakh
52000 Strike – 14.27 Lakh
51500 Strike – 11.46 Lakh

Put Writing
51000 Strike – 14.56 Lakh
51500 Strike – 12.07 Lakh
52000 Strike – 11.25 Lakh

Index has resistance near 52000 – 52200 range and if index crosses and sustains above this level then may reach near 52500 – 52600 range.

Index has immediate support near 51100 - 51000 range and if this support is broken then index may tank near 50400 - 50300 range.

Trade closed: target reached

Gap down opening and made high near 51330 then tanked to low near 50610 and close near 50760.

RKMAURYA

Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.

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RKMAURYA

Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.

Request for follow on X @rkmaurya_ra

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