Banknifty Intraday Analysis for 31st January 2025

Index closed near 49310 level and Maximum Call and Put Writing near CMP as below in February Month contract:

Call Writing
49000 Strike – 7.10 Lakh
50000 Strike – 6.30 Lakh 49500 Strike – 3.38 Lakh

Put Writing
49000 Strike – 9.39 Lakh
48000 Strike – 4.98 Lakh
48500 Strike – 3.83 Lakh

Index has resistance near 49900 – 50000 range and if index crosses and sustains above this level then may reach near 50500 – 50600 range.

Index has immediate support near 48850 - 48750 range and if this support is broken then index may tank near 48400 - 48300 range.

交易結束：目標達成

Gap down opening with low near 49030 then made high near 49675 with close near 49590.