Banknifty Intraday Analysis for 17th December 2024
BANKNIFTY Index closed near 53580 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
54000 Strike – 26.33 Lakh
53500 Strike – 17.96 Lakh
55000 Strike – 19.79 Lakh
Put Writing
52500 Strike – 17.68 Lakh
53000 Strike – 16.77 Lakh
53500 Strike – 15.23 Lakh
Index has resistance near 54000 – 54200 range and if index crosses and sustains above this level then may reach near 54500 – 54600 range.
Index has immediate support near 52900 - 52800 range and if this support is broken then index may tank near 52500 - 52400 range.
Trade closed: target reached
Gap down opening with high near 53515 then tanked to low near 52710 with close near 52835.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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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.
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.