Nifty Intraday Analysis for 28th October 2024

Oct 27

NIFTY

Index closed near 24180 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
25000 Strike – 109.37 Lakh
24500 Strike – 75.91 Lakh
24400 Strike – 53.82 Lakh

Put Writing
23500 Strike – 55.52 Lakh
24000 Strike – 52.26 Lakh
24500 Strike – 49.20 Lakh

Index has resistance near 24450 – 23500 range and if index crosses and sustains above this level then may reach near 24650 - 24700 range.

Index has immediate support near 24100 – 24000 range and if this support is broken then index may tank near 23900 – 23850 range.

Oct 28

Trade closed: target reached

Open flat and made low near 24135 then bounced and made high near 24495 with close near 24370.