Banknifty Intraday Analysis for 19th September 2024

Index closed near 52750 level and Maximum Call and Put Writing near CMP as below in current
weekly contract:

Call Writing
53000 Strike – 18.00 Lakh
53500 Strike – 13.02 Lakh
54000 Strike – 11.45 Lakh

Put Writing
52000 Strike – 19.30 Lakh
51500 Strike – 9.97 Lakh
52500 Strike – 8.43 Lakh

Index has resistance near 53000 – 53200 range and if index crosses and sustains above 53000 level then may reach near 53500 – 53600 range.

Index has immediate support near 52100 – 52000 range and if this support is broken then index may tank near 51400 - 51300 range.

Big swing expected on either side due to the upcoming US FOMC Rate cut outcome.

交易結束：目標達成

Gap up opening and made high near 53355 level then tanked to low near 52850 with close near 53045.