Nifty Intraday Analysis for 4th September 2024
Updated
NIFTY Index closed near 25280 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
26000 Strike – 85.28 Lakh
25300 Strike – 71.93 Lakh
25600 Strike – 67.34 Lakh
Put Writing
25000 Strike – 65.91 Lakh
24500 Strike – 57.30 Lakh
25200 Strike – 50.85 Lakh
Index has resistance near 25350 – 25375 range and if index crosses and sustain above 25375 level then may reach near 25500 - 25600 range.
Index has immediate support near 25175 – 25125 range and if 25125 support is broken then index may tank near 25000 – 24900 range.
Trade closed: target reached
Gap down opening with low near 25085 and bounced with high near 51250.
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