Banknifty Intraday Analysis for 19th December 2024

18 Des 2024

BANKNIFTY

Index closed near 52140 level and Maximum Call and Put Writing near CMP as below in December Month contract:

Call Writing
54000 Strike – 44.35 Lakh
53500 Strike – 23.76 Lakh
53000 Strike – 28.03 Lakh

Put Writing
51000 Strike – 15.20 Lakh
52000 Strike – 14.89 Lakh
52500 Strike – 13.82 Lakh

Index has resistance near 52600 – 52700 range and if index crosses and sustains above this level then may reach near 53000 – 53200 range.

Index has immediate support near 52000 - 51900 range and if this support is broken then index may tank near 51400 - 51300 range.

Big Moment on either side expected after US FOMC Meeting outcome and Commentary on 18 - 19 Dec’24 night.

19 Des 2024

Trading ditutup: target tercapai

Gap down opening with low near 51265 and traded in range with high near 51790 with close near 51575.