Nifty 50 IndexUpdated

Nifty Intraday Analysis for 29th January 2025

NIFTY

Index closed near 22955 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
23000 Strike – 88.97 Lakh 23500 Strike – 75.75 Lakh
23300 Strike – 67.06 Lakh

Put Writing
23000 Strike – 103.33 Lakh
22900 Strike – 60.65 Lakh
22800 Strike – 55.79 Lakh

Index has resistance near 23250 - 23300 range and if index crosses and sustains above this level then may reach near 23400 - 23450 range.

Index has immediate support near 22800 – 22750 range and if this support is broken then index may tank near 22650 – 22600 range.
Trade closed: target reached
Open flat with low near 22975 and made high near 23185 and closed near 23165.

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