Banknifty Intraday Analysis for 1st January 2025

Index closed near 50860 level and Maximum Call and Put Writing near CMP as below in January Month contract:

Call Writing
52000 Strike – 13.91 Lakh
51500 Strike – 8.36 Lakh
51000 Strike – 8.00 Lakh

Put Writing
51000 Strike – 11.23 Lakh
51500 Strike – 8.71 Lakh
50000 Strike – 8.07 Lakh

Index has resistance near 51300 – 51500 range and if index crosses and sustains above this level then may reach near 52000 – 52200 range.

Index has immediate support near 50600 - 50500 range and if this support is broken then index may tank near 50000 - 49900 range.

交易結束：目標達成

Open flat and tank to low near 50485 then bounced to 51320 with close near 51060.