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Banknifty Intraday Analysis for 06th September 2024
Nifty Bank Index
Long
Banknifty Intraday Analysis for 06th September 2024
By RKMAURYA
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Updated
Sep 6
1
Cheer
Cheer
Sep 5
BANKNIFTY
Index closed near 51475 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
51500 Strike – 27.70 Lakh
52000 Strike – 18.37 Lakh
51600 Strike – 13.75 Lakh
Put Writing
51500 Strike – 21.03 Lakh
51000 Strike – 15.01 Lakh
50000 Strike – 15.091 Lakh
Index has resistance near 51650 – 51750 range and if index crosses and sustains above 51750 level then may reach near 52000 – 52200 range.
Index has immediate support near 51150 – 51050 range and if this support is broken then index may tank near 50800 - 50700 range.
Sep 6
Trade closed: target reached
Gap down opening and broke 51050 support with low near 50450 level and managed to close near 50525 level.
Supply and Demand
Support and Resistance
Trend Lines
RKMAURYA
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