Nifty Intraday Analysis for 16th December 2024
NIFTY Index closed near 24770 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 68.51 Lakh 25100 Strike – 51.89 Lakh
24800 Strike – 48.68 Lakh
Put Writing
25000 Strike – 62.85 Lakh
24000 Strike – 61.24 Lakh
24400 Strike – 48.33 Lakh
Index has resistance near 24900 - 24950 range and if index crosses and sustains above this level then may reach near 25050 - 25100 range.
Index has immediate support near 24550 – 24500 range and if this support is broken then index may tank near 24350 – 24250 range.
Trade closed: target reached
Open flat with high near 24780 and low near 24600 with close near 24670.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
Disclaimer
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