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Banknifty Intraday Analysis for 3rd September 2024
Nifty Bank Index
Long
Banknifty Intraday Analysis for 3rd September 2024
By RKMAURYA
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Updated
Sep 3
1
Cheer
Cheer
Sep 2
BANKNIFTY
Index closed near 51440 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
51500 Strike – 39.33 Lakh
52000 Strike – 27.97 Lakh
53000 Strike – 24.38 Lakh
Put Writing
51000 Strike – 25.96 Lakh
51500 Strike – 21.59 Lakh
51400 Strike – 17.62 Lakh
Index has resistance near 51500 – 51600 range and if index crosses and sustain above 51600 level then may reach near 52000 – 52100 range.
Index has immediate support near 51100 – 51000 range and if this support is broken then index may tank near 50500 - 49400 range.
Sep 3
Trade closed: target reached
Open flat and made low near 51240 level then bounced and mde high near 51750 level.
Supply and Demand
Support and Resistance
Trend Lines
RKMAURYA
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