Banknifty Intraday Analysis for 24th July 2024

Index closed near 51780 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
53000 Strike – 34.77 Lakh
52500 Strike – 29.94 Lakh
52000 Strike – 24.03 Lakh

Put Writing
51000 Strike – 17.60 Lakh
51500 Strike – 12.97 Lakh
52000 Strike – 12.74 Lakh

Index has resistance near 52200 – 52400 range and if index crosses and sustain above 52400 level then may reach near 52600 - 52700 range. If Index crosses and sustain above 5750 level, then may reach near 53300 – 53500 range.

Index has immediate support near 52100 – 52000 range and if this support is broken then index may tank near 51700 level and if 51700 support is broken then index may tank to 51300 – 51100 range.

Trade closed: target reached

Open flat with high near 51945 level and tanked to low near 50785 level and bounced to close near 51430.

RKMAURYA

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

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RKMAURYA

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

Request for follow on X @rkmaurya_ra

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