Nifty 50 IndexUpdated Nifty Intraday Analysis for 01st February 2025
NIFTY Index closed near 23510 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 77.38 Lakh 23500 Strike – 45.10 Lakh
23800 Strike – 20.21 Lakh
Put Writing
23000 Strike – 60.63 Lakh
23500 Strike – 50.05 Lakh
23300 Strike – 49.94 Lakh
Index has resistance near 23675 - 23725 range and if index crosses and sustains above this level then may reach near 23900 - 23950 range.
Index has immediate support near 23300 – 23250 range and if this support is broken then index may tank near 23050 – 23000 range.
Volatility expected on Budget day with a big swing on either side based on perceived market outcome.
Trade closed: target reached
High volatility seen on Budget day with high near 23630 and low near 23320 with close near 23480.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.