Nifty Intraday Analysis for 07th October 2024
Updated
NIFTY Index closed near 25015 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25500 Strike – 54.69 Lakh
25400 Strike – 45.57 Lakh
25200 Strike – 32.84 Lakh
Put Writing
25000 Strike – 34.67 Lakh
24500 Strike – 33.52 Lakh
24800 Strike – 21.70 Lakh
Index has resistance near 25300 – 22500 range and if index crosses and sustains above 26100 level then may reach near 25600 - 25700 range.
Index has immediate support near 24850 – 24750 range and if this support is broken then index may tank near 24600 – 24500 range.
Trade closed: target reached
Gap up opening with high near 25145 then tank to low near 24795 with close near 24820.
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