Banknifty Intraday Analysis for 26th November 2024
BANKNIFTY 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.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.