Banknifty Intraday Analysis for 27th January 2025NSE:BANKNIFTY
Index closed near 48370 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
49000 Strike – 19.75 Lakh
49500 Strike – 18.15 Lakh
48500 Strike – 12.04 Lakh
Put Writing
47500 Strike – 18.61 Lakh
47000 Strike – 14.79 Lakh
48000 Strike – 13.15 Lakh
Index has resistance near 48900 – 49000 range and if index crosses and sustains above this level then may reach near 49500 – 49600 range.
Index has immediate support near 48000 - 47900 range and if this support is broken then index may tank near 47500 - 47400 range.