Nifty Intraday Analysis for 23rd July 2024

Index closed near 24510 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
25500 Strike – 86.84 Lakh
25000 Strike – 68.93 Lakh
24800 Strike – 48.72 Lakh

Put Writing
24000 Strike – 67.90 Lakh
24500 Strike – 56.69 Lakh
24300 Strike – 31.79 Lakh

Index has resistance near 24600 – 24700 range and if index crosses and sustain above 24700 level then may reach near 24950 - 25000 range.

Index has immediate support near 24400 – 24350 range and if this support is broken then index may tank near 24200 – 24100 range.

Budget Day experience high volatility.

交易結束：目標達成

Highly volatile day due to Budget. Index tanked to low near 47070 and bounced back quickly to close above 24475 level.