Banknifty Intraday Analysis for 2nd January 2025NSE:BANKNIFTY
Index closed near 51060 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
52000 Strike – 13.64 Lakh
51500 Strike – 8.17 Lakh
51000 Strike – 7.21 Lakh
Put Writing
51000 Strike – 10.65 Lakh
50000 Strike – 9.41 Lakh
51500 Strike – 8.94 Lakh
Index has resistance near 51500 – 51600 range and if index crosses and sustains above this level then may reach near 52000 – 52200 range.
Index has immediate support near 50700 - 50600 range and if this support is broken then index may tank near 51000 - 50000 range.