Banknifty Intraday Analysis for 22nd November 2024
Updated
BANKNIFTY Index closed near 50375 level and Maximum Call and Put Writing near CMP as below in current Monthly contract:
Call Writing
51000 Strike – 23.80 Lakh
51500 Strike – 19.27 Lakh
50500 Strike – 13.29 Lakh
Put Writing
49500 Strike – 24.46 Lakh
50000 Strike – 18.32 Lakh
49000 Strike – 14.05 Lakh
Index has immediate support near 50000 - 49800 range and if this support is broken then index may tank near 49500 - 49400 range.
Index has resistance near 50900 – 51000 range and if index crosses and sustains above this level then may reach near 51400 – 51500 range.
Trade closed: target reached
Gap up opening with low near 50510 and bounced with high near 51255 with close near 51135.
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