Nifty Intraday Analysis for 13th January 2025

12 Jan

NIFTY

Index closed near 23430 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
23800 Strike – 66.04 Lakh 23500 Strike – 44.61 Lakh
23700 Strike – 42.49 Lakh

Put Writing
23000 Strike – 47.28 Lakh
23500 Strike – 38.88 Lakh
23400 Strike – 29.87 Lakh

Index has resistance near 23600 - 23650 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. Gap down opening expected in anticipation of slow down in rate cut in US due to good employment data released on Friday evening.

13 Jan

Trading ditutup: target tercapai

Gap down opening then made high near 23340 then further tanked to low near 23045 and closed near 23085.