Banknifty Intraday Analysis for 04th March 2025

前天

BANKNIFTY

Index closed near 48115 level and Maximum Call and Put Writing near CMP as below in March Month contract:

Call Writing
50000 Strike – 12.06 Lakh
49000 Strike – 10.75 Lakh 48500 Strike – 5.83 Lakh

Put Writing
48000 Strike – 9.53 Lakh
49000 Strike – 7.42 Lakh
47000 Strike – 7.01 Lakh

Index has resistance near 48600 – 48700 range and if index crosses and sustains above this level then may reach near 49000 – 49100 range.

Index has immediate support near 47800 - 47700 range and if this support is broken then index may tank near 47100 - 47000 range.

Volatility expected due to imposition of import tariff by US on Canada Mexico and China with effect from 4th March 2025.

前天

交易結束：目標達成

Gap down opening and further tank to low near 47925 then bounced and made high near 48375 and close near 48245.