Banknifty Intraday Analysis for 13th November 2024

7 days ago

BANKNIFTY

Index closed near 51160 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
52500 Strike – 48.96 Lakh
52000 Strike – 44.55 Lakh
51500 Strike – 26.29 Lakh

Put Writing
50000 Strike – 29.19 Lakh
50500 Strike – 20.83 Lakh
51000 Strike – 18.99 Lakh

Index has resistance near 51600 – 51800 range and if index crosses and sustains above this level then may reach near 52100 – 52200 range.

Index has immediate support near 50700 - 50500 range and if this support is broken then index may tank near 50000 - 49900 range.

6 days ago

Trade closed: target reached

Open flat and made high near 51355 then tank to low near 49905 and closed near 50290.