Banknifty Intraday Analysis for 6th December 2024
BANKNIFTY Index closed near 53605 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
54000 Strike – 17.57 Lakh
53000 Strike – 13.43 Lakh
54500 Strike – 9.56 Lakh
Put Writing
52500 Strike – 15.05 Lakh
53000 Strike – 12.44 Lakh
53500 Strike – 7.99 Lakh
Index has resistance near 54000 – 54200 range and if index crosses and sustains above this level then may reach near 54500 – 54600 range.
Index has immediate support near 53200 - 53000 range and if this support is broken then index may tank near 52850 - 52260 range.
High volatility expected due to RBI MPC commentary on Inflation, GDP forecast and rate cut.
Dagangan ditutup: sasaran tercapai
Open flat and made low near 53160 ten bounced with high near 53870 with close near 53510.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
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