Banknifty Intraday Analysis for 16th January 2025

Index closed near 48750 level and Maximum Call and Put Writing near CMP as below in January Month contract:

Call Writing
50000 Strike – 18.17 Lakh
49000 Strike – 13.16 Lakh
49500 Strike – 9.28 Lakh

Put Writing
48000 Strike – 13.94 Lakh
49000 Strike – 10.45 Lakh
48500 Strike – 8.52 Lakh

Index has resistance near 49350 – 49500 range and if index crosses and sustains above this level then may reach near 49600 – 49700 range.

Index has immediate support near 48400 - 48300 range and if this support is broken then index may tank near 47700 - 47600 range.

交易結束：目標達成

Gap up opening with low near 49040 and made high near 49460 and closed near 49280.