Nifty Intraday Analysis for 10th January 2025
Updated
NIFTY Index closed near 23525 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 43.13 Lakh 23800 Strike – 34.42 Lakh
23700 Strike – 28.87 Lakh
Put Writing
23000 Strike – 31.17 Lakh
23500 Strike – 26.31 Lakh
23600 Strike – 24.72 Lakh
Index has resistance near 23700 - 23750 range and if index crosses and sustains above this level then may reach near 23900 - 23950 range.
Index has immediate support near 23450 – 23400 range and if this support is broken then index may tank near 23300 – 23250 range.
Trade closed: target reached
Open flat with high near 23595 then tanked to low near 23345 again bounced but could not sustained and closed near 23430.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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