Banknifty Intraday Analysis for 22nd October 2024

Oct 21

BANKNIFTY

Index closed near 51965 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
52500 Strike – 36.79 Lakh
53000 Strike – 25.63 Lakh
52000 Strike – 24.77 Lakh

Put Writing
51000 Strike – 26.39 Lakh
51500 Strike – 25.88 Lakh
52000 Strike – 17.73 Lakh

Index has resistance near 52500 – 52600 range and if index crosses and sustains above this level then may reach near 53000 – 53200 range.

Index has immediate support near 51500 - 51400 range and if this support is broken then index may tank near 51000 - 50900 range.

Oct 22

Trade closed: target reached

Open flat with high near 52255 then tank to low near 51180 with close near 51270.