Nifty 50 IndexUpdated Nifty Intraday Analysis for 7th May 2024
NIFTY Highest Call writing of 91.43 Lakh at 23000 Strike followed by 85.38 Lakh at 22800 Strike and 74.01 Lakh at 22700 strike. Maximum Put writing of 62.64 Lakh at 22000 Strike followed by 41.06 Lakh at 22500 strike and 35.08 Lakh at 22400 Strike. Index closed near 22440 level.
Index has resistance near 22550 - 22600 level and if this resistance is broken and sustain then index may reach near 22700 level.
Index has strong support near 22300 level and if this support is broken then index may reach near 22200 level.
Trade closed: target reached
Open positive then tank to low near 22230 but could not break 22225 - 22200 support level and closed near 22300 support level.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
Disclaimer
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