Nifty Intraday Analysis for 01st November 2024
Updated
NIFTY Index closed near 24205 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24300 Strike – 38.91 Lakh
24500 Strike – 32.90 Lakh
24400 Strike – 26.96 Lakh
Put Writing
24200 Strike – 30.41 Lakh
24000 Strike – 29.00 Lakh
24300 Strike – 24.94 Lakh
It is expected that the Index will be in a narrow range on Muhurat Trading Day.
Index has resistance near 24325 – 23375 range and if index crosses and sustains above this level then may reach near 24450 - 24500 range.
Index has immediate support near 24150 – 24100 range and if this support is broken then index may tank near 24000 – 23950 range.
Trade closed: target reached
Gap up opening with high near 24370 and profit booking drag to close near 24300.
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