Nifty Intraday Analysis for 31st October 2024
Updated
NIFTY Index closed near 24340 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24500 Strike – 115.60 Lakh
24600 Strike – 92.33 Lakh
24400 Strike – 72.98 Lakh
Put Writing
24000 Strike – 98.42 Lakh
24300 Strike – 69.76 Lakh
24200 Strike – 55.91 Lakh
Index has resistance near 24475 – 23525 range and if index crosses and sustains above this level then may reach near 24600 - 24650 range.
Index has immediate support near 24250 – 24200 range and if this support is broken then index may tank near 24100 – 24000 range.
Trade closed: target reached
Open flat with high near 24370 then tank to low near 24175 and closed near 24240.
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