Nifty Bank IndexUpdated Banknifty Intraday Analysis for 25th October 2024
BANKNIFTY Index closed near 51530 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
52500 Strike – 24.40 Lakh
52500 Strike – 20.27 Lakh
51500 Strike – 14.12 Lakh
Put Writing
51000 Strike – 20.25 Lakh
51500 Strike – 18.29 Lakh
50500 Strike – 11.30 Lakh
Index has resistance near 51900 – 52100 range and if index crosses and sustains above this level then may reach near 52600 – 52700 range.
Index has immediate support near 51000 - 50900 range and if this support is broken then index may tank near 50500 - 50400 range.
Trade closed: target reached
Open flat with high near 51500 then tanked to low near 50380 and closed near 50855.
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
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.