Nifty Bank Index
Long

Banknifty Intraday Analysis for 11th September 2024

BANKNIFTY

Index closed near 51270 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
51500 Strike – 41.21 Lakh
52000 Strike – 32.65 Lakh
51300 Strike – 24.89 Lakh

Put Writing
51000 Strike – 33.70 Lakh
50000 Strike – 31.08 Lakh
50500 Strike – 28.44 Lakh

Index has resistance near 51500 – 51600 range and if index crosses and sustains above 51600 level then may reach near 51850 – 52000 range.

Index has immediate support near 50750 – 50650 range and if this support is broken then index may tank near 50300 - 50200 range.

Clause de non-responsabilité