Long

Banknifty Intraday Analysis for 26th November 2024

Updated

Index closed near 52205 level and Maximum Call and Put Writing near CMP as below in current Monthly contract:

Call Writing
53000 Strike – 25.07 Lakh
52000 Strike – 20.41 Lakh
52500 Strike – 19.08 Lakh

Put Writing
51000 Strike – 25.50 Lakh
52000 Strike – 19.87 Lakh
51500 Strike – 18.66 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 51650 - 51550 range and if this support is broken then index may tank near 51100 - 51000 range.

Trade closed: target reached

Gap up opening with high near 52385 then tanked to low near 52000 and close near 52190.

RKMAURYA

Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.

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