Nifty Intraday Analysis for 30th October 2024

Updated
NIFTY

Nifty Intraday Analysis for 30th October 2024
Index closed near 24465 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
25000 Strike – 105.79 Lakh
24500 Strike – 71.96 Lakh
24800 Strike – 55.64 Lakh

Put Writing
24000 Strike – 87.15 Lakh
24400 Strike – 57.08 Lakh
24500 Strike – 55.58 Lakh

Index has resistance near 24550 – 23600 range and if index crosses and sustains above this level then may reach near 24750 - 24850 range.

Index has immediate support near 24300 – 24200 range and if this support is broken then index may tank near 24050 – 24000 range.
Trade closed: target reached
Gap down opening then made high near 24500 and tank to low near 24305 with close near 24350.
Supply and DemandSupport and ResistanceTrend Lines

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