Nifty Intraday Analysis for 22nd November 2024
Updated
NIFTY Index closed near 23350 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 63.33 Lakh
23500 Strike – 44.48 Lakh
23800 Strike – 35.67 Lakh
Put Writing
23000 Strike – 59.37 Lakh
23500 Strike – 42.24 Lakh
23300 Strike – 37.69 Lakh
Index has immediate support near 23250 – 23200 range and if this support is broken then index may tank near 23000 – 22800 range.
Index has resistance near 23550 – 23650 range and if index crosses and sustains above this level then may reach near 23800 - 23900 range.
Trade closed: target reached
Gap up opening with low near 23360 and bounced with high near 23955 with close near 23905.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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