Banknifty Intraday Analysis for 01st February 2025

Index closed near 49585 level and Maximum Call and Put Writing near CMP as below in February Month contract:

Call Writing
50000 Strike – 7.20 Lakh
49000 Strike – 3.81 Lakh 49500 Strike – 3.38 Lakh

Put Writing
49000 Strike – 10.19 Lakh
50000 Strike – 5.78 Lakh
49500 Strike – 4.14 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 48900 - 48800 range and if this support is broken then index may tank near 48400 - 48300 range.

Volatility expected on Budget day with a big swing on either side based on perceived market outcome.

交易結束：目標達成

High volatility seen on Budget day with high near 50010 and low near 48925 with close near 49505.