Banknifty Intraday Analysis for 01st August 2024
Updated
BANKNIFTY Index closed near 51555 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
51500 Strike – 10.06 Lakh
52000 Strike – 9.63 Lakh
53000 Strike – 8.71 Lakh
Put Writing
51500 Strike – 10.51 Lakh
50000 Strike – 6.84 Lakh
51000 Strike – 6.75 Lakh
Index has resistance near 51900 – 52000 range and if index crosses and sustain above 52000 level then may reach near 52350 – 52500 range.
Index has immediate support near 51200 – 51000 range and if this support is broken then index may tank near 50600 – 50400 range.
Trade closed: target reached
Gap up opening with high near 51875 then tanked to low near 51560.
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