Banknifty Intraday Analysis for 29th November 2024
BANKNIFTY Index closed near 51905 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
53000 Strike – 12.31 Lakh
52500 Strike – 9.94 Lakh
52000 Strike – 6.88 Lakh
Put Writing
52000 Strike – 9.66 Lakh
51000 Strike – 7.94 Lakh
51500 Strike – 5.84 Lakh
Index has resistance near 52650 – 52750 range and if index crosses and sustains above this level then may reach near 53200 – 53300 range.
Index has immediate support near 51600 - 51500 range and if this support is broken then index may tank near 51100 - 51000 range.
Trade closed: target reached
Gap up opening with high near 52170 then tanked to low near 51760 with close near 52055.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
Disclaimer
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