Banknifty Intraday Analysis for 17th September 2024
Updated
BANKNIFTY Index closed near 52155 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
53000 Strike – 26.55 Lakh
52500 Strike – 21.21 Lakh
53500 Strike – 16.70 Lakh
Put Writing
51000 Strike – 27.77 Lakh
51500 Strike – 22.49 Lakh
52000 Strike – 19.30 Lakh
Index has resistance near 52450 – 52500 range and if index crosses and sustains above 52500 level then may reach near 52800 – 52900 range.
Index has immediate support near 51800 – 51700 range and if this support is broken then index may tank near 51400 - 51300 range.
Order cancelled
Open flat and traded in narrow range.
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