Get started
Nifty 50 Index
Long

Nifty Intraday Analysis for 28th November 2024

By RKMAURYA
Updated
NIFTY

Index closed near 24275 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
24500 Strike – 98.86 Lakh
24300 Strike – 77.46 Lakh
24400 Strike – 53.53 Lakh

Put Writing
24000 Strike – 95.15 Lakh
24200 Strike – 72.17 Lakh
24300 Strike – 69.22 Lakh

Index has resistance near 24325 – 24350 range and if index crosses and sustains above this level then may reach near 24500 - 24550 range.

Index has immediate support near 24150 – 24050 range and if this support is broken then index may tank near 23950 – 23850 range.
Trade closed: target reached
Gap up opening and made high near 24310 then tanked to low near 23875 with close near 23915.
Supply and DemandSupport and ResistanceTrend Lines
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.