Banknifty Intraday Analysis for 22nd January 2025

Index closed near 48570 level and Maximum Call and Put Writing near CMP as below in January Month contract:

Call Writing
50000 Strike – 19.66 Lakh
49000 Strike – 13.16 Lakh
49500 Strike – 12.54 Lakh

Put Writing
47000 Strike – 13.49 Lakh
48000 Strike – 13.39 Lakh
49000 Strike – 9.91 Lakh

Index has resistance near 49000 – 49100 range and if index crosses and sustains above this level then may reach near 49600 – 49700 range.

Index has immediate support near 48000 - 47900 range and if this support is broken then index may tank near 47500 - 47400 range.

Volatility expected due uncertainty on the tariff imposition decision by the Trump Administration and any other unaccounted news.

交易結束：目標達成

Open flat then tank to low near 48075 then bounced and recovered loss with high near 48775 and closed near 48725.