Banknifty Intraday Analysis for 15th October 2024
Updated
BANKNIFTY Index closed near 51815 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
53000 Strike – 24.82 Lakh
52000 Strike – 24.00 Lakh
52500 Strike – 21.66 Lakh
Put Writing
51000 Strike – 28.55 Lakh
51500 Strike – 23.29 Lakh
50000 Strike – 21.70 Lakh
Index has resistance near 52000 – 52100 range and if index crosses and sustains above this level then may reach near 52600 – 52600 range.
Index has immediate support near 51500 – 51400 range and if this support is broken then index may tank near 51000 - 50900 range.
Trade closed: target reached
Gap up opening and traded in range between 52020 - 51700.
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