Banknifty Intraday Analysis for 07th November 2024
Updated
BANKNIFTY Index closed near 52315 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
53000 Strike – 11.18 Lakh
52500 Strike – 10.20 Lakh
53500 Strike – 7.99 Lakh
Put Writing
52000 Strike – 9.41 Lakh
51000 Strike – 5.76 Lakh
51500 Strike – 5.63 Lakh
Index has resistance near 52900 – 53000 range and if index crosses and sustains above this level then may reach near 53500 – 53600 range.
Index has immediate support near 51700 - 51500 range and if this support is broken then index may tank near 51000 - 50800 range.
Trade closed: target reached
Open flat with high near 52375 then tanked to low near 51750 with close near 51890.
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