Long

Banknifty Intraday Analysis for 12th December 2024

Updated

yesterday

2 days ago

Index closed near 53390 level and Maximum Call and Put Writing near CMP as below in December Month contract:

Call Writing
54000 Strike – 24.48 Lakh
53500 Strike – 17.31 Lakh
54500 Strike – 15.87 Lakh

Put Writing
52500 Strike – 17.66 Lakh
53500 Strike – 17.53 Lakh
53000 Strike – 13.71 Lakh

Index has resistance near 53800 – 54000 range and if index crosses and sustains above this level then may reach near 54500 – 54600 range.

Index has immediate support near 52900 - 52800 range and if this support is broken then index may tank near 52500 - 52400 range.

yesterday

Trade closed: target reached

Open flat and made high near 53535 then tanked to low near 53175 with close near 53215.

RKMAURYA

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

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