Nifty Intraday Analysis for 07th November 2024

Nov 6

NIFTY

Index closed near 24485 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
25000 Strike – 137.83 Lakh
24500 Strike – 101.82 Lakh
24800 Strike – 74.00 Lakh

Put Writing
24000 Strike – 87.97 Lakh
23500 Strike – 77.59 Lakh
24200 Strike – 71.85 Lakh

Index has resistance near 24650 – 24700 range and if index crosses and sustains above this level then may reach near 24900 - 24950 range.

Index has immediate support near 24250 – 24200 range and if this support is broken then index may tank near 24000 – 23900 range.

Nov 7

Trade closed: target reached

Open flat with high near 24505 then tanked to low near 24180 with close near 24190.