Nifty Intraday Analysis for 31st July 2024

Jul 30NIFTY

Index closed near 24855 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
25500 Strike – 84.80 Lakh
25000 Strike – 75.15 Lakh
25200 Strike – 73.59 Lakh

Put Writing
24500 Strike – 72.44 Lakh
24400 Strike – 60.57 Lakh
24600 Strike – 44.40 Lakh

Index has resistance near 25000 – 25100 range and if index crosses and sustain above 25100 level then may reach near 25250 - 25300 range.

Index has immediate support near 24750 – 24700 range and if 24700 support is broken then index may tank near 24600 – 24500 range.

Jul 31

Trade closed: target reached

Open flat and made high near 24985 level.