Nifty Intraday Analysis for 03rd October 2024

Oct 2

NIFTY

Index closed near 25795 level and Maximum Call and Put Writing near CMP as below in current
weekly contract:

Call Writing
26000 Strike – 114.38 Lakh
26200 Strike – 94.69 Lakh
25900 Strike – 75.09 Lakh

Put Writing
25800 Strike – 53.68 Lakh
25600 Strike – 51.23 Lakh
25500 Strike – 47.37 Lakh

Index has resistance near 26000 – 26100 range and if index crosses and sustains above 26100 level then may reach near 26250 - 26300 range.

Index has immediate support near 25600 – 25500 range and if this support is broken then index
may tank near 25300 – 25200 range.

Oct 3

Trade closed: target reached

Gap down opening with high near 25640 then further tank to low near 25230 and closed near 25265.