Banknifty Intraday Analysis for 18th October 2024

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BANKNIFTY

Index closed near 51290 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
52000 Strike – 28.79 Lakh
53000 Strike – 19.67 Lakh
51500 Strike – 14.68 Lakh

Put Writing
51000 Strike – 11.60 Lakh
51500 Strike – 11.10 Lakh
50000 Strike – 9.61 Lakh

Index has resistance near 51600 – 51700 range and if index crosses and sustains above this level then may reach near 52000 – 52200 range.

Index has immediate support near 51000 - 50900 range and if this support is broken then index may tank near 50500 - 50400 range.

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أغلقت الصفقة: تم الوصول للهدف

Gap down opening with low near 51000 then bounced and made high near 52000 with close near 52140.