Banknifty Intraday Analysis for 21st October 2024
Updated
BANKNIFTY Index closed near 55095 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
53000 Strike – 18.59 Lakh
52500 Strike – 17.11 Lakh
52000 Strike – 15.82 Lakh
Put Writing
51500 Strike – 27.49 Lakh
51000 Strike – 23.92 Lakh
52000 Strike – 14.04 Lakh
Index has resistance near 52500 – 52600 range and if index crosses and sustains above this level then may reach near 53000 – 53200 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 with near 52275 then tanked to low near 51855.
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