Banknifty Intraday Analysis for 6th August 2024

5 авг.BANKNIFTY

Index closed near 50090 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
51500 Strike – 23.12 Lakh
51000 Strike – 21.90 Lakh
50500 Strike – 20.26 Lakh

Put Writing
50000 Strike – 23.42 Lakh
49000 Strike – 17.50 Lakh
49500 Strike – 14.16 Lakh

Index has immediate support near 49700 – 49600 range and if this support is broken then index may tank near 49200 – 49000 range and if 49000 support is broken then index may tank to 48500 – 48400 range.

Index has resistance near 50450 – 50750 range and if index crosses and sustain above 50750 level then may reach near 51000 – 51100 range. Upside moment is less likely to happen.

6 авг.

Сделка закрыта: достигнута тейк-профит цена

Gap up opening near 50690 then tanked and closed near 49770.