RKMAURYA

Nifty Intraday Analysis for 2nd May 2024

RKMAURYA Updated   
NSE:NIFTY   Nifty 50 Index
NIFTY

Maximum Call writing of 100.26 Lakh is at 2300 strike followed by 78.88 Lakh at 22800 Strike and 69.75 Lakh at 22850 strike and Put writing of 76.13 Lakh at 22500 Strike followed by 58.35 Lakh at 22400 Strike and 53.23 Lakh at 22600 strike. Index is closed near 21600.

US FOMC outcome will be declared on 1st May which is Holiday here and reaction will be seen on 2nd May on India Market.

If US FOMC commentary is positive, then index may reach near 22800 - 22850 level. if FOMC commentary is negative then index may tank to near 22425 - 22350 level.
Order cancelled:
Open flat and faced resistance ner 22700 level. No trade initiated.

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