Banknifty Intraday Analysis for 11th November 2024

Nov 10

BANKNIFTY

Index closed near 51560 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
52500 Strike – 35.35 Lakh
53000 Strike – 28.87 Lakh
52000 Strike – 21.98 Lakh

Put Writing
51000 Strike – 16.46 Lakh
50800 Strike – 12.23 Lakh
51500 Strike – 11.65 Lakh

Index has resistance near 52000 – 52200 range and if index crosses and sustains above this level then may reach near 52700 – 52900 range.

Index has immediate support near 51100 - 51000 range and if this support is broken then index may tank near 50600 - 50600 range.

Nov 11

Trade closed: target reached

Open flat and tanked to low near 51295 then bounced to high near 52180 and profit booking dragged to close near 51810.