Nifty Intraday Analysis for 30th August 2024
Updated
NIFTY Index closed near 25150 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25200 Strike – 30.59 Lakh
25600 Strike – 22.62 Lakh
25700 Strike – 22.59 Lakh
Put Writing
25000 Strike – 41.20 Lakh
25100 Strike – 25.81 Lakh
24800 Strike – 21.91 Lakh
Index has resistance near 25200 – 25250 range and if index crosses and sustain above 25250 level then may reach near 25500 - 25600 range.
Index has immediate support near 25000 – 24950 range and if 24950 support is broken then index may tank near 24800 – 24750 range.
Trade closed: target reached
Gap up opening and traded in range between 25200 - 25270 range.
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