Nifty Bank IndexUpdated Banknifty Intraday Analysis for 29th January 2025
BANKNIFTY Index closed near 48865 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
50000 Strike – 22.96 Lakh
49000 Strike – 15.60 Lakh 49500 Strike – 13.02 Lakh
Put Writing
48000 Strike – 17.71 Lakh
47800 Strike – 14.53 Lakh
48500 Strike – 13.31 Lakh
Index has resistance near 49400 – 49500 range and if index crosses and sustains above this level then may reach near 50000 – 50100 range.
Index has immediate support near 48400 - 48300 range and if this support is broken then index may tank near 47800 - 47700 range.
Trade closed: target reached
Open flat with low near 48850 and made high near 49200 and closed near 49165.
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: 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
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