Banknifty Intraday Analysis for 05th September 2024

Index closed near 51400 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
51500 Strike – 17.69 Lakh
52000 Strike – 11.24 Lakh
51400 Strike – 9.65 Lakh

Put Writing
51500 Strike – 12.18 Lakh
51000 Strike – 10.64 Lakh
50500 Strike – 8.91 Lakh

Index has resistance near 51650 – 51750 range and if index crosses and sustain 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.

取消訂單

Gap up opening and traded in narrow range around 51450 level.