Short

Banknifty Intraday Analysis for 14th November 2024

Updated

Index closed near 50090 level and Maximum Call and Put Writing near CMP as below in current Monthly contract:

Call Writing
51000 Strike – 9.94 Lakh
50500 Strike – 5.68 Lakh
50000 Strike – 4.88 Lakh

Put Writing
49500 Strike – 15.96 Lakh
50000 Strike – 12.86 Lakh
49000 Strike – 11.67 Lakh

Index has immediate support near 49600 - 49500 range and if this support is broken then index may tank near 49000 - 48900 range.

Index has resistance near 50650 – 50800 range and if index crosses and sustains above this level then may reach near 51100 – 51300 range.

Trade closed: target reached

Traded in range between 50560 - 49940 with close near 50240.

RKMAURYA

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

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