Long

Banknifty Intraday Analysis for 30th December 2024

Updated

Index closed near 51310 level and Maximum Call and Put Writing near CMP as below in January Month contract:

Call Writing
52000 Strike – 11.51 Lakh
51500 Strike – 7.96 Lakh
52500 Strike – 5.31 Lakh

Put Writing
51500 Strike – 8.99 Lakh
51000 Strike – 7.43 Lakh
52000 Strike – 7.24 Lakh

Index has resistance near 51900 – 52000 range and if index crosses and sustains above this level then may reach near 523500 – 52500 range.

Index has immediate support near 50900 - 50800 range and if this support is broken then index may tank near 50200 - 50000 range.

Trade closed: target reached

Open flat and made high near 51980 then tanked to low near 50720 with close 50955.

RKMAURYA

Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.

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