Banknifty Intraday Analysis for 14th October 2024
Updated
BANKNIFTY Index closed near 51170 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
52000 Strike – 27.97 Lakh
51500 Strike – 23.63 Lakh
52500 Strike – 18.81 Lakh
Put Writing
51000 Strike – 17.08 Lakh
50000 Strike – 114.08 Lakh
50500 Strike – 13.80 Lakh
Index has resistance near 51700 – 51800 range and if index crosses and sustains above this level then may reach near 52400 – 52500 range.
Index has immediate support near 50750 – 50650 range and if this support is broken then index may tank near 50200 - 50100 range.
Trade closed: target reached
Gap up opening and made high near 51895.
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