Long

Banknifty Intraday Analysis for 3rd January 2025

Updated

3 days ago

4 days ago

Index closed near 51605 level and Maximum Call and Put Writing near CMP as below in January Month contract:

Call Writing
53000 Strike – 13.54 Lakh
52000 Strike – 12.88 Lakh
51500 Strike – 7.82 Lakh

Put Writing
51000 Strike – 10.95 Lakh
51500 Strike – 10.53 Lakh
52000 Strike – 7.55 Lakh

Index has resistance near 52100 – 52200 range and if index crosses and sustains above this level then may reach near 52500 – 52600 range.

Index has immediate support near 51100 - 51000 range and if this support is broken then index may tank near 50600 - 50500 range.

3 days ago

Trade closed: target reached

Open flat with high near 51670 then tanked to low near 50905 and closed near 50990.

RKMAURYA

Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.

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