Nifty Intraday Analysis for 8th July 2024
Updated
NIFTY Maximum Call writing near CMP is at 25000 strike with 71.55 Lakh followed by 43.30 Lakh at 24500 Strike and 38.60 Lakh at 24800 strike and Put writing of 59.38 Lakh at 24000 Strike followed by 49.86 Lakh at 24200 Strike and 41.77 Lakh at 24300 strike. Index is closed near 24325 level.
Index has resistance near 24400 - 24500 range and if index crosses and sustain above 24550 level then may reach near 24800 level. If crosses above 24800 level, then may reach near 25000 in near term.
Index has immediate support near 24200 – 24150 range and if this support is broken then index may tank near 24000 level.
Order cancelled
Open flat and traded in narrow range between 24365 - 24240 ranged.
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