Banknifty Intraday Analysis for 04th October 2024
Updated
BANKNIFTY Index closed near 51845 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
53000 Strike – 22.74 Lakh
53500 Strike – 19.22 Lakh
52500 Strike – 16.76 Lakh
Put Writing
52000 Strike – 13.51 Lakh
51500 Strike – 12.77 Lakh
51000 Strike – 11.87 Lakh
Index has resistance near 53100 – 53200 range and if index crosses and sustains above 53200 level then may reach near 53600 – 53800 range.
Index has immediate support near 51600 – 51500 range and if this support is broken then index may tank near 51200 - 51000 range.
Trade closed: target reached
Open flat and made high near 52360 then tanked to low near 51345 with close near 51555.
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