Nifty Intraday Analysis for 03rd February 2025

2 Feb

NIFTY

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.

3 Feb

Trading ditutup: target tercapai

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