Banknifty Intraday Analysis for 4th September 2024

Index closed near 51690 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
52000 Strike – 35.36 Lakh
51500 Strike – 26.79 Lakh
52500 Strike – 23.78 Lakh

Put Writing
51000 Strike – 33.79 Lakh
51500 Strike – 31.78 Lakh
51200 Strike – 26.12 Lakh

Index has resistance near 51900 – 52000 range and if index crosses and sustain above 52100 level then may reach near 52500 – 52600 range.

Index has immediate support near 51450 – 51250 range and if this support is broken then index may tank near 50900 - 50900 range.

交易結束：目標達成

Gap down opening and made low near 51260 and bounced with high near 51460.