Nifty Intraday Analysis for 2nd September 2024
Updated
NIFTY Index closed near 25150 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
26000 Strike – 66.06 Lakh
25700 Strike – 43.96 Lakh
25800 Strike – 40.23 Lakh
Put Writing
25200 Strike – 63.50 Lakh
25000 Strike – 59.46 Lakh
25100 Strike – 39.45 Lakh
Index has resistance near 25500 – 25550 range and if index crosses and sustain above 25550 level then may reach near 25700 - 25800 range.
Index has immediate support near 25100 – 25000 range and if 25000 support is broken then index may tank near 24800 – 24750 range.
Trade closed: target reached
Gap up opening with high near 25225 then tanked to low near 25235 level with close 25275.
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