Banknifty Intraday Analysis for 2nd December 2024

1 Des 2024

BANKNIFTY

Index closed near 52055 level and Maximum Call and Put Writing near CMP as below in December Month contract:

Call Writing
53000 Strike – 13.06 Lakh
52500 Strike – 9.34 Lakh
52000 Strike – 7.87 Lakh

Put Writing
52000 Strike – 11.14 Lakh
51000 Strike – 9.16 Lakh
52500 Strike – 7.89 Lakh

Expected to gap down opening due to fresh threat from Trump to BRICS nations and below the expected Q2 in FY 2024-25 number. However, it may recover due to expected good GST Collection data for the November 2024 month.

Index has immediate support near 51750 - 51700 range and if this support is broken then index may tank near 51250 - 51100 range.

Index has resistance near 52650 – 52750 range and if index crosses and sustains above this level then may reach near 53350 – 53500 range.

2 Des 2024

Trading ditutup: target tercapai

Open flat with low near 51965 and made high near 52195 with close near 52110.