Banknifty Intraday Analysis for 22nd July 2024

21 Jul 2024

BANKNIFTY

Index closed near 52265 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
53000 Strike – 13.60 Lakh
52500 Strike – 13.44 Lakh
53500 Strike – 7.98 Lakh

Put Writing
52000 Strike – 8.53 Lakh
52500 Strike – 7.67 Lakh
51500 Strike – 6.63 Lakh

Index has resistance near 52800 level and if index crosses and sustain above 52850 level then may reach near 53200 - 53300 range. If Index crosses and sustain above 53300 level, then may reach near 53500 level.

Index has immediate support near 52100 – 52000 range and if this support is broken then index may tank near 51700 level and if 51700 support is broken then index may tank to 51300 – 51100 range.

However, due to Budget on 23rd July 2024, Index likely to be in range.

22 Jul 2024

Trading ditutup: target tercapai

Open flat with low near 51875 level and bounced with high near 52425 and close near 52330 level.