Nifty 50 IndexUpdated Nifty Intraday Analysis for 2nd December 2024
NIFTY Index closed near 24130 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24500 Strike – 74.22 Lakh
24300 Strike – 51.97 Lakh
24200 Strike – 47.59 Lakh
Put Writing
24000 Strike – 73.71 Lakh
23500 Strike – 72.49 Lakh
23800 Strike – 56.65 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 23950 – 23850 range and if this support is broken then index may tank near 23750 – 23650 range.
Index has resistance near 24300 – 24350 range and if index crosses and sustains above this level then may reach near 24450 - 24500 range.
Trade closed: target reached
Open flat and made low near 24010 and made high near 24300 with close near 24275.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
Disclaimer
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