Nifty 50 IndexUpdated Nifty Intraday Analysis for 16th April 2024
NIFTY Highest Call writing of 96.60 Lakh at 22700 Strike followed by 74.63 Lakh at 22500 Strike. Maximum Put writing of 65.72 Lakh at 22000 Strike followed by 66.04L Lakh at 22200 Strike.
Index may face resistance near 22430 - 22500 and retraces if reaches near that level.
Index has strong support near 22200 level and if that level break then Index may fall near 21990 level and it is less likely that Index break support near 21990 unless any new bad news arises due to Israel Iran war tension.
If 21950 level is broken then Index may fall upto 21800 which is next strong support level.
Trade closed: target reached
Gap down opening and Index faced resistance near 22200 level then tanked to low near 22080 as analysed and closed near 22175 resistance level of 22200.
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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