Banknifty Intraday Analysis for 1st January 2025
BANKNIFTY Index closed near 50860 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
52000 Strike – 13.91 Lakh
51500 Strike – 8.36 Lakh
51000 Strike – 8.00 Lakh
Put Writing
51000 Strike – 11.23 Lakh
51500 Strike – 8.71 Lakh
50000 Strike – 8.07 Lakh
Index has resistance near 51300 – 51500 range and if index crosses and sustains above this level then may reach near 52000 – 52200 range.
Index has immediate support near 50600 - 50500 range and if this support is broken then index may tank near 50000 - 49900 range.
Trade closed: target reached
Open flat and tank to low near 50485 then bounced to 51320 with close near 51060.
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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