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Banknifty Intraday Analysis for 29th August 2024
Nifty Bank Index
Long
Banknifty Intraday Analysis for 29th August 2024
By RKMAURYA
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Updated
Aug 29
1
Cheer
Cheer
Aug 28
BANKNIFTY
Index closed near 51145 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
51500 Strike – 17.48 Lakh
51200 Strike – 12.24 Lakh
52000 Strike – 11.83 Lakh
Put Writing
51000 Strike – 14.60 Lakh
51200 Strike – 7.95 Lakh
51500 Strike – 6.46 Lakh
Index has resistance near 51400 – 51500 range and if index crosses and sustain above 51500 level then may reach near 51900 – 51950 range.
Index has immediate support near 50900 – 50850 range and if this support is broken then index may tank near 50500 - 49400 range.
Aug 29
Trade closed: target reached
Open flat and made high near 51370 then tanked to low near 50985 with close near 51165.
Supply and Demand
Support and Resistance
Trend Lines
RKMAURYA
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