Banknifty Intraday Analysis for 18th September 2024

17 Sep 2024

BANKNIFTY

Index closed near 52190 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
52500 Strike – 36.12 Lakh
53000 Strike – 34.83 Lakh
53500 Strike – 26.33 Lakh

Put Writing
52000 Strike – 36.68 Lakh
51000 Strike – 32.35 Lakh
51500 Strike – 27.37 Lakh

Index has resistance near 52450 – 52500 range and if index crosses and sustains above 52500 level then may reach near 52800 – 52900 range.

Index has immediate support near 51800 – 51700 range and if this support is broken then index may tank near 51400 - 51300 range.

Index is expected to be in range bound with a slightly lower side due to the upcoming US FOMC Rate cut outcome.

18 Sep 2024

Trading ditutup: target tercapai

Open flat and made high near 52955 and profit booking dragged market to close near 52635 level.