Banknifty Intraday Analysis for 12th November 2024
Updated
BANKNIFTY Index closed near 51875 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
53000 Strike – 44.40 Lakh
52500 Strike – 28.51 Lakh
52000 Strike – 22.15 Lakh
Put Writing
51000 Strike – 18.98 Lakh
51500 Strike – 18.28 Lakh
50500 Strike – 16.33 Lakh
Index has resistance near 52350 – 52500 range and if index crosses and sustains above this level then may reach near 52900 – 53000 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 made high near 52170 then tank to low near 51005 and close near 51120.
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