Nifty Intraday Analysis for 12th February 2025
NIFTY Index closed near 23070 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23500 Strike – 99.23 Lakh 23400 Strike – 79.45 Lakh
23300 Strike – 71.23 Lakh
Put Writing
22500 Strike – 91.19 Lakh
22700 Strike – 84.36 Lakh
22800 Strike – 61.43 Lakh
Index has resistance near 23250 - 23300 range and if index crosses and sustains above this level then may reach near 23450 - 23500 range.
Index has immediate support near 22850 – 22800 range and if this support is broken then index may tank near 22650 – 22600 range.
Trade closed: target reached
Open flat then tank to low near 22800 support level then bounced and made high near 23145 and closed near 23045.
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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