Banknifty Intraday Analysis for 25th July 2024

Index closed near 51315 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
52000 Strike – 17.08 Lakh
52500 Strike – 12.70 Lakh
51500 Strike – 10.58 Lakh

Put Writing
51000 Strike – 22.42 Lakh
50000 Strike – 11.76 Lakh
51500 Strike – 7.66 Lakh

Index has resistance near 51700 – 51800 range and if index crosses and sustain above 51800 level then may reach near 52200 level. If Index crosses and sustain above 52200 level, then may reach near 52600 – 52700 range.

Index has immediate support near 50900 – 50800 range and if this support is broken then index may tank near 50800 level.

交易結束：目標達成

Gap down opening and made low near 50560 level and bounced to close near 50885 level.