Nifty Intraday Analysis for 29th July 2024

Index closed near 24835 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
25000 Strike – 55.86 Lakh
25500 Strike – 55.07 Lakh
25100 Strike – 39.14 Lakh

Put Writing
24500 Strike – 62.35 Lakh
24400 Strike – 48.51 Lakh
24600 Strike – 45.85 Lakh

Index has resistance near 25000 – 25100 range and if index crosses and sustain above 25100 level then may reach near 25250 - 25300 range.

Index has immediate support near 24700 – 24600 range and if 24600 support is broken then index may tank near 24450 – 24400 range.

Trade closed: target reached

Gap up opening and made high near 25000 then tanked to low near 24775 with close near 24840.

RKMAURYA

Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.

Request for follow on X @rkmaurya_ra

Also on:

RKMAURYA

Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.

Request for follow on X @rkmaurya_ra

Also on:

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.