Nifty Bank IndexUpdated

Banknifty Intraday Analysis for 13th February 2025

BANKNIFTY

Index closed near 49480 level and Maximum Call and Put Writing near CMP as below in February Month contract:

Call Writing
50000 Strike – 12.12 Lakh
50500 Strike – 9.71 Lakh 49000 Strike – 7.71 Lakh

Put Writing
49000 Strike – 14.26 Lakh
48000 Strike – 12.02 Lakh
49500 Strike – 8.42 Lakh

Index has resistance near 49900 – 50000 range and if index crosses and sustains above this level then may reach near 50500 – 50600 range.

Index has immediate support near 48800 - 48700 range and if this support is broken then index may tank near 48300 - 48200 range.
Trade closed: target reached
Open flat and made high near 49835 then tank to low near 49275 and closed near 49360.

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