Banknifty Intraday Analysis for 19th November 2024
Updated
BANKNIFTY Index closed near 50365 level and Maximum Call and Put Writing near CMP as below in current Monthly contract:
Call Writing
51000 Strike – 16.62 Lakh
51500 Strike – 14.43 Lakh
50500 Strike – 10.92 Lakh
Put Writing
49500 Strike – 19.33 Lakh
50000 Strike – 17.10 Lakh
49000 Strike – 12.58 Lakh
Index has immediate support near 49800 - 49700 range and if this support is broken then index may tank near 49500 - 49400 range.
Index has resistance near 50800 – 50900 range and if index crosses and sustains above this level then may reach near 51300 – 51400 range.
Trade closed: target reached
Gap up opening and made high near 50985 and then tank due to Fresh Ukraine Russia war escalation and made low near 50440.
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