Banknifty Intraday Analysis for 29th July 2024
Updated
BANKNIFTY Index closed near 51295 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
52000 Strike – 23.11 Lakh
51500 Strike – 17.49 Lakh
51000 Strike – 14.81 Lakh
Put Writing
50000 Strike – 17.78 Lakh
51000 Strike – 17.21 Lakh
50500 Strike – 15.69 Lakh
Index has resistance near 51500 – 51550 range and if index crosses and sustain above 51550 level then may reach near 51800 – 52000 range.
Index has immediate support near 51100 – 51000 range and if this support is broken then index may tank near 50700 – 50500 range.
Trade closed: target reached
Gap up opening and made high near 52340 level then tanked to low near 51185 and close near 51390.
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