Banknifty Intraday Analysis for 23rd December 2024
Updated
BANKNIFTY Index closed near 50760 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
52000 Strike – 21.56 Lakh
51500 Strike – 17.66 Lakh
51000 Strike – 11.89 Lakh
Put Writing
50000 Strike – 15.07 Lakh
51000 Strike – 10.96 Lakh
50500 Strike – 9.68 Lakh
Index has resistance near 51300 – 51500 range and if index crosses and sustains above this level then may reach near 51900 – 52000 range.
Index has immediate support near 50400 - 50300 range and if this support is broken then index may tank near 49600 - 49500 range.
Trade closed: target reached
Gap up opening then made low near 51210 then bounced and made high near 51415 with close near 51320.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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