Nifty Intraday Analysis for 03rd February 2025

Index closed near 23480 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
24000 Strike – 137.54 Lakh 23500 Strike – 78.95 Lakh
23800 Strike – 67.15 Lakh

Put Writing
23000 Strike – 84.91 Lakh
23200 Strike – 72.37 Lakh
23300 Strike – 56.99 Lakh

Index has resistance near 23550 - 23600 range and if index crosses and sustains above this level then may reach near 23750 - 23800 range.

Index has immediate support near 23300 – 23250 range and if this support is broken then index may tank near 23050 – 23000 range.

Volatility expected due to escalation of tariff war by the Trump Administration.

交易結束：目標達成

Gap down opening and further made low near 23220 then bounced to high near 23380 with close near 23360.