Banknifty Intraday Analysis for 06th September 2024

Index closed near 51475 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
51500 Strike – 27.70 Lakh
52000 Strike – 18.37 Lakh
51600 Strike – 13.75 Lakh

Put Writing
51500 Strike – 21.03 Lakh
51000 Strike – 15.01 Lakh
50000 Strike – 15.091 Lakh

Index has resistance near 51650 – 51750 range and if index crosses and sustains above 51750 level then may reach near 52000 – 52200 range.

Index has immediate support near 51150 – 51050 range and if this support is broken then index may tank near 50800 - 50700 range.

交易結束：目標達成

Gap down opening and broke 51050 support with low near 50450 level and managed to close near 50525 level.