Banknifty Intraday Analysis for 16th October 2024
Updated
BANKNIFTY Index closed near 51905 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
52000 Strike – 37.53 Lakh
53000 Strike – 33.90 Lakh
52500 Strike – 31.49 Lakh
Put Writing
51000 Strike – 34.79 Lakh
51500 Strike – 23.63 Lakh
51300 Strike – 16.96 Lakh
Index has resistance near 52000 – 52100 range and if index crosses and sustains above this level then may reach near 52600 – 52600 range.
Index has immediate support near 51650 – 51500 range and if this support is broken then index may tank near 51000 - 50900 range.
Trade closed: target reached
Open flat with low 51810 then made high near 52030 and close near 51795.
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