Banknifty Intraday Analysis for 30th October 2024
Updated
BANKNIFTY Index closed near 52320 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
53000 Strike – 33.05 Lakh
53500 Strike – 30.93 Lakh
52500 Strike – 26.55 Lakh
Put Writing
51000 Strike – 36.31 Lakh
51500 Strike – 30.54 Lakh
51800 Strike – 25.52 Lakh
Index has resistance near 52650 – 52700 range and if index crosses and sustains above this level then may reach near 53200 – 53300 range.
Index has immediate support near 51900 - 51800 range and if this support is broken then index may tank near 51300 - 51200 range.
Trade closed: target reached
Gap down opening with high near 52220 and tank to low near 51735 with close near 51850.
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