Nifty Bank IndexUpdated Banknifty Intraday Analysis for 17th January 2025
BANKNIFTY Index closed near 49280 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
50000 Strike – 15.59 Lakh
49500 Strike – 10.73 Lakh
49000 Strike – 9.84 Lakh
Put Writing
48000 Strike – 13.74 Lakh
49000 Strike – 12.14 Lakh
48500 Strike – 8.75 Lakh
Index has resistance near 49600 – 49700 range and if index crosses and sustains above this level then may reach near 50100 – 50200 range.
Index has immediate support near 48800 - 48700 range and if this support is broken then index may tank near 48100 - 48000 range.
Trade closed: target reached
Gap down opening with high near 49045 and further tanked to low near 48310 with close near 48540.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.