Nifty Intraday Analysis for 22nd January 2025

21 בינו׳

NIFTY

Index closed near 23025 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
23500 Strike – 93.98 Lakh 23400 Strike – 65.63 Lakh
23300 Strike – 62.14 Lakh

Put Writing
22500 Strike – 66.13 Lakh
23000 Strike – 56.80 Lakh
22400 Strike – 55.68 Lakh

Index has resistance near 23200 - 23250 range and if index crosses and sustains above this level then may reach near 234350 - 23400 range.

Index has immediate support near 22850 – 22800 range and if this support is broken then index may tank near 22700 – 22650 range.

Volatility expected due uncertainty on the tariff imposition decision by the Trump Administration and any other unaccounted news.

22 בינו׳

עסקה סגורה: היעד הושג

Open flat then tank to low near 22980 then bounced and recovered loss with high near 23170 and closed near 23155.