Banknifty Intraday Analysis for 03rd February 2025

Index closed near 49505 level and Maximum Call and Put Writing near CMP as below in February Month contract:

Call Writing
50000 Strike – 8.59 Lakh
49000 Strike – 6.81 Lakh 49500 Strike – 4.78 Lakh

Put Writing
49000 Strike – 10.91 Lakh
50000 Strike – 6.22 Lakh
49500 Strike – 4.664 Lakh

Index has resistance near 50000 – 50100 range and if index crosses and sustains above this level then may reach near 50600 – 50700 range.

Index has immediate support near 49000 - 48900 range and if this support is broken then index may tank near 48400 - 48300 range.

Volatility expected due to escalation of tariff war by the Trump Administration.

交易結束：目標達成

Gap down opening and further made low near 48910 then bounced to high near 49375 with close near 49210.