Nifty Intraday Analysis for 7th August 2024
Updated
NIFTY Index closed near 23990 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 130.17 Lakh
24800 Strike – 79.27 Lakh
24500 Strike – 66.70 Lakh
Put Writing
24000 Strike – 65.59 Lakh
23500 Strike – 53.77 Lakh
23000 Strike – 52.65 Lakh
Index has immediate support near 23900 – 23800 range and if 24800 support is broken then index may tank near 23450 – 24350 range.
Index has resistance near 24225 – 24350 range and if index crosses and sustain above 24350 level then may reach near 24400 - 24500 range.
Trade closed: target reached
Gap up opening and closed near 24315 level.
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