Banknifty Intraday Analysis for 6th January 2025
BANKNIFTY Index closed near 50990 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
52000 Strike – 17.10 Lakh
51500 Strike – 11.36 Lakh
51000 Strike – 8.23 Lakh
Put Writing
50000 Strike – 11.61 Lakh
51000 Strike – 11.45 Lakh
51500 Strike – 11.02 Lakh
Index has resistance near 51500 – 51600 range and if index crosses and sustains above this level then may reach near 52000 – 52100 range.
Index has immediate support near 50600 - 50500 range and if this support is broken then index may tank near 50100 - 50000 range.
Trade closed: target reached
Flat opening with high near 51025 and then tank due to HMPV with low near 49750 with close near 49920.
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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