Nifty Intraday Analysis for 22nd July 2024

Index closed near 24530 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
25500 Strike – 81.41 Lakh
25000 Strike – 70.04 Lakh
24800 Strike – 43.32 Lakh

Put Writing
24000 Strike – 71.70 Lakh
23500 Strike – 61.88 Lakh
24500 Strike – 54.13 Lakh

Index has resistance near 24700 – 24800 range and if index crosses and sustain above 24850 level then may reach near 24950 - 24000 range.

Index has immediate support near 24450 – 24400 range and if this support is broken then index may tank near 24200 – 24100 range.

However, due to Budget on 23rd July 2024, Index less likely to go up.

交易結束：目標達成

Gap down opening with low near 24360 level and bounced with high near 24595 level and closed near 24515.