Banknifty Intraday Analysis for 03rd February 2025

2 Feb

BANKNIFTY

Index closed near 49505 level and Maximum Call and Put Writing near CMP as below in February Month contract:

Call Writing
50000 Strike – 8.59 Lakh
49000 Strike – 6.81 Lakh 49500 Strike – 4.78 Lakh

Put Writing
49000 Strike – 10.91 Lakh
50000 Strike – 6.22 Lakh
49500 Strike – 4.664 Lakh

Index has resistance near 50000 – 50100 range and if index crosses and sustains above this level then may reach near 50600 – 50700 range.

Index has immediate support near 49000 - 48900 range and if this support is broken then index may tank near 48400 - 48300 range.

Volatility expected due to escalation of tariff war by the Trump Administration.

3 Feb

Trading ditutup: target tercapai

Gap down opening and further made low near 48910 then bounced to high near 49375 with close near 49210.