Nifty 50 IndexUpdated

Nifty Intraday Analysis for 11th July 2024

NIFTY

Maximum Call writing near CMP is at 24500 strike with 95.51 Lakh followed by 88.62 Lakh at 24600 Strike and 87.23 Lakh at 24400 strike and Put writing of 85.45 Lakh at 24000 Strike followed by 60.50 Lakh at 24200 Strike and 57.16 Lakh at 24300 strike. Index is closed near 24325 level.

Index has resistance near 24450 - 24500 range and if index crosses and sustain above 24550 level then may reach near 24800 level. If crosses above 24800 level, then may reach near 25000 in near term.

Index has immediate support near 24150 level and if this support is broken then index may tank near 24000 level.
Trade closed: target reached
Open high with 24400 level and tanked to low near 24190 level and bounced to close near 24340 level.

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