Nifty 50 IndexUpdated Nifty Intraday Analysis for 04th February 2025
NIFTY Index closed near 23360 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23500 Strike – 127.33 Lakh 23600 Strike – 77.76 Lakh
23700 Strike – 69.26 Lakh
Put Writing
23000 Strike – 90.02 Lakh
23300 Strike – 79.53 Lakh
23200 Strike – 74.65 Lakh
Index has resistance near 23500 - 23550 range and if index crosses and sustains above this level then may reach near 23650 - 23700 range.
Index has immediate support near 23100 – 23150 range and if this support is broken then index may tank near 23000 – 22950 range.
Volatility expected due to escalation of tariff war by the Trump Administration w.e.f 04th Feb.
Trade closed: target reached
Gap up opening then made low near 23425 then bounced and made high near 23785 with close near 23740.
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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