Nifty Bank IndexUpdated Banknifty Intraday Analysis for 03rd October 2024
BANKNIFTY Index closed near 52925 level and Maximum Call and Put Writing near CMP as below in current
weekly contract:
Call Writing
53000 Strike – 15.30 Lakh
53500 Strike – 13.99 Lakh
54000 Strike – 10.48 Lakh
Put Writing
53000 Strike – 15.65 Lakh
52500 Strike – 5.98 Lakh
52000 Strike – 4.93 Lakh
Index has resistance near 53400 – 53500 range and if index crosses and sustains above 53600 level then may reach near 54000 – 54200 range.
Index has immediate support near 52600 – 52500 range and if this support is broken then index may tank near 52200 - 52000 range.
Trade closed: target reached
Gap down opening with high near 52585 then further tank to low near 51685 and closed near 51860.
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
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