Banknifty Intraday Analysis for 10th January 2025NSE:BANKNIFTY
Index closed near 49505 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
51000 Strike – 16.90 Lakh
50000 Strike – 10.97 Lakh
50500 Strike – 7.06 Lakh
Put Writing
49000 Strike – 12.17 Lakh
50000 Strike – 11.40 Lakh
49500 Strike – 7.72 Lakh
Index has resistance near 49900 – 50000 range and if index crosses and sustains above this level then may reach near 50500 – 50600 range.
Index has immediate support near 49000 - 48900 range and if this support is broken then index may tank near 44500 - 48400 range.