Nifty Intraday Analysis for 04th October 2024

Oct 3

NIFTY

Index closed near 25250 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
26000 Strike – 57.73 Lakh
25500 Strike – 34.92 Lakh
25600 Strike – 34.75 Lakh


Put Writing
25000 Strike – 30.62 Lakh
25500 Strike – 22.95 Lakh
25300 Strike – 19.16 Lakh

Index has resistance near 25400 – 22500 range and if index crosses and sustains above 26100 level then may reach near 25600 - 25700 range.

Index has immediate support near 25100 – 25000 range and if this support is broken then index may tank near 24800 – 24700 range.

Oct 4

Trade closed: target reached

Open flat and tanked to low near 25095 then bounced to high near 25485 and again tanked to low near 24965 with close near 25050.