Banknifty Intraday Analysis for 18th November 2024

Index closed near 50180 level and Maximum Call and Put Writing near CMP as below in current Monthly contract:

Call Writing
51000 Strike – 14.94 Lakh
51500 Strike – 14.10 Lakh
50500 Strike – 9.89 Lakh

Put Writing
49500 Strike – 18.29 Lakh
50000 Strike – 15.03 Lakh
49000 Strike – 10.96 Lakh

Index has immediate support near 49600 - 49500 range and if this support is broken then index may tank near 49000 - 48900 range.

Index has resistance near 50650 – 50800 range and if index crosses and sustains above this level then may reach near 51100 – 51300 range.

交易結束：目標達成

Open flat and traded in range between 50445 - 50075 with close near 50360.