Finnifty Intraday Analysis for 18th November 2024

3 days ago

BANKNIFTY

Index closed near 23200 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
23500 Strike – 18.66 Lakh
23600 Strike – 9.53 Lakh
23400 Strike – 5.60 Lakh

Put Writing
22800 Strike – 14.75 Lakh
22900 Strike – 5.20 Lakh
23000 Strike – 5.13 Lakh

Index has immediate support near 22900 – 22800 range and if this support is broken then index may tank near 22600 – 22500 range.

Index has resistance near 23350 - 23400 range and if index crosses and sustains above this level then may reach near 23550 - 23600 range.

3 days ago

Trade closed: target reached

Open flat and traded in range between 23350 - 23195 with close near 23255.