Banknifty Intraday Analysis for 31st October 2024
Updated
BANKNIFTY Index closed near 51810 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
53000 Strike – 10.92 Lakh
52000 Strike – 10.47 Lakh
52500 Strike – 7.40 Lakh
Put Writing
52000 Strike – 8.07 Lakh
51500 Strike – 5.86 Lakh
51000 Strike – 5.80 Lakh
Index has resistance near 52150 – 52350 range and if index crosses and sustains above this level then may reach near 52650 – 52750 range.
Index has immediate support near 51500 - 51300 range and if this support is broken then index may tank near 51000 - 50900 range.
Trade closed: target reached
Open flat and made high near 52005 then tank to low near 51325 and closed near 51555.
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