Banknifty Intraday Analysis for 24th December 2024
Updated
BANKNIFTY Index closed near 51320 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
52000 Strike – 30.38 Lakh
51500 Strike – 30.35 Lakh
52500 Strike – 25.81 Lakh
Put Writing
51000 Strike – 24.98 Lakh
50000 Strike – 22.35 Lakh
50500 Strike – 13.40 Lakh
Index has resistance near 51900 – 52000 range and if index crosses and sustains above this level then may reach near 523500 – 52500 range.
Index has immediate support near 50700 - 50600 range and if this support is broken then index may tank near 50000 - 49900 range.
Trade closed: target reached
Open flat and traded in range between 51380 - 51140 with close near 51235.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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