Nifty Intraday Analysis for 05th November 2024
Updated
NIFTY Index closed near 23995 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24300 Strike – 58.53 Lakh
24500 Strike – 56.96 Lakh
24200 Strike – 41.33 Lakh
Put Writing
24000 Strike – 45.83 Lakh
23500 Strike – 39.05 Lakh
24800 Strike – 24.16 Lakh
Index has resistance near 24200 – 24250 range and if index crosses and sustains above this level then may reach near 24350 - 24450 range.
Index has immediate support near 23800 – 23750 range and if this support is broken then index may tank near 23600 – 23500 range.
Trade closed: target reached
Open flat then tank to low near 23845 then bounced and made high near 24230 with close near 24200.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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