Banknifty Intraday Analysis for 16th August 2024

Index closed near 49725 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
50500 Strike – 14.29 Lakh
50000 Strike – 12.44 Lakh
51000 Strike – 11.45 Lakh

Put Writing
50000 Strike – 8.91 Lakh
49500 Strike – 7.65 Lakh
49000 Strike – 6.60 Lakh

Index has resistance near 50200 – 50400 range and if index crosses and sustain above 50500 level then may reach near 50800 – 51000 range.

Index has immediate support near 49650 – 49500 range and if this support is broken then index may tank near 49000 - 48900 range.

交易結束：目標達成

Gap up opening with low near 49805 and closed near 50510 above 50400 level.