Banknifty Intraday Analysis for 29th October 2024
Updated
BANKNIFTY Index closed near 51260 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
52000 Strike – 33.13 Lakh
52500 Strike – 24.91 Lakh
51500 Strike – 22.77 Lakh
Put Writing
50000 Strike – 25.37 Lakh
50500 Strike – 21.35 Lakh
51000 Strike – 18.09 Lakh
Index has resistance near 51700 – 51800 range and if index crosses and sustains above this level then may reach near 52200 – 52300 range.
Index has immediate support near 50700 - 50600 range and if this support is broken then index may tank near 50000 - 49900 range.
Trade closed: target reached
Open flat with low near 51280 then bounced with high near 52355 with close near 52285.
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