Banknifty Intraday Analysis for 21st August 2024

Index closed near 50805 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
51000 Strike – 35.73 Lakh
52000 Strike – 32.84 Lakh
51500 Strike – 26.03 Lakh

Put Writing
50000 Strike – 34.95 Lakh
50500 Strike – 25.54 Lakh
49500 Strike – 20.71 Lakh

Index has resistance near 51000 – 51100 range and if index crosses and sustain above 51100 level then may reach near 51600 – 51800 range.

Index has immediate support near 50400 – 50300 range and if this support is broken then index may tank near 50000 - 49800 range.

交易結束：目標達成

Gap down opening and made low near 50330 near 50300 support and bounced to close near 50740.