Nifty Intraday Analysis for 2nd January 2025

4 days ago

NIFTY

Index closed near 23745 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
24000 Strike – 90.67 Lakh 23800 Strike – 71.34 Lakh
23900 Strike – 62.46 Lakh

Put Writing
23500 Strike – 78.32 Lakh
23600 Strike – 67.47 Lakh
23700 Strike – 61.82 Lakh

Index has resistance near 23850 - 23900 range and if index crosses and sustains above this level then may reach near 24000 - 24050 range.

Index has immediate support near 23600 – 23550 range and if this support is broken then index may tank near 23400 – 23350 range.

3 days ago

Trade closed: target reached

Gap up opening with low near 23825 and made high near 24225 with close near 24190.