Nifty Intraday Analysis for 20th January 2025

Jan 19

NIFTY

Index closed near 23205 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
23500 Strike – 46.98 Lakh 23700 Strike – 42.58 Lakh
23600 Strike – 40.37 Lakh

Put Writing
22700 Strike – 46.26 Lakh
22500 Strike – 43.08 Lakh
23000 Strike – 36.89 Lakh

Index has resistance near 23300 - 23350 range and if index crosses and sustains above this level then may reach near 23450 - 23500 range.

Index has immediate support near 23050 – 23000 range and if this support is broken then index may tank near 228050 – 22800 range.

It is expected that the Index will open with flat to negative sentiment and close red on Monday before Trump assumes office.

Jan 20

Trade closed: target reached

Gap up opening then tanked to low near 23170 and again bounced to high near 23390 and closed near 23345.