Banknifty Intraday Analysis for 2nd September 2024

Index closed near 51350 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
51500 Strike – 27.27 Lakh
52000 Strike – 24.99 Lakh
51400 Strike – 15.90 Lakh

Put Writing
51000 Strike – 21.54 Lakh
50800 Strike – 14.24 Lakh
51500 Strike – 13.76 Lakh

Index has resistance near 51500 – 51600 range and if index crosses and sustain above 51600 level then may reach near 52000 – 52100 range.

Index has immediate support near 51000 – 50900 range and if this support is broken then index may tank near 50500 - 49400 range.

交易結束：目標達成

Gap up opening and traded in range between 51295 - 51555 range.