Banknifty Intraday Analysis for 01st November 2024
Updated
BANKNIFTY Index closed near 51475 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
52000 Strike – 20.46 Lakh
53000 Strike – 19.70 Lakh
52500 Strike – 18.93 Lakh
Put Writing
51500 Strike – 11.10 Lakh
51000 Strike – 9.22 Lakh
52000 Strike – 7.62 Lakh
It is expected that the Index will be in a narrow range on Muhurat Trading Day.
Index has resistance near 51750 – 51800 range and if index crosses and sustains above this level then may reach near 52100 – 52200 range.
Index has immediate support near 51300 - 51200 range and if this support is broken then index may tank near 51000 - 50900 range.
Trade closed: target reached
Gap up opening with high near 51825 and profit booking drag to close near 51675.
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