Nifty Intraday Analysis for 10th April 2024
NIFTY Highest Call writing of 125.68 Lakh at 23000 Strike followed by 89.64 Lakh at 22800 Strike. Maximum Put writing of 89.57 Lakh at 48500 Strike followed by 78.06 Lakh at 22400 Strike.
If index may face resistance near 22800 level and unwinding of Call is unlikely at 22700 and 22800 level.
If index goes near 22600 level and Building of Put taking place at 22500, then index may bounce to 22700 level.
Reversal of short term trend possible if index fall below 22400 level and unwinding of Put at 22500 taking place.
Trade closed: target reached
Made high near 22775 then dragged to low near 22735 level as analysed that index may face resistance near 22800 level.
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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