Banknifty Intraday Analysis for 25th November 2024
BANKNIFTY Index closed near 51135 level and Maximum Call and Put Writing near CMP as below in current Monthly contract:
Call Writing
52000 Strike – 24.35 Lakh
51500 Strike – 19.30 Lakh
51000 Strike – 17.06 Lakh
Put Writing
51000 Strike – 22.97 Lakh
50000 Strike – 19.89 Lakh
50500 Strike – 15.55 Lakh
Gap up opening is expected in the event of a better than expected win by BJP in Maharashtra election. Index has resistance near 51700 – 51800 range and if index crosses and sustains above this level then may reach near 52300 – 52400 range.
Downside moments are less likely. However, Index has immediate support near 50700 - 50600 range and if this support is broken then index may tank near 50100 - 50000 range.
Trade closed: target reached
Gap up opening with low near 51775 and made high near 52230 with close near 52205.
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.