Nifty Intraday Analysis for 16th October 2024

Oct 15

NIFTY

Index closed near 25055 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
25200 Strike – 91.44 Lakh
25500 Strike – 70.89 Lakh
25100 Strike – 69.77 Lakh


Put Writing
25000 Strike – 60.86 Lakh
24500 Strike – 47.97 Lakh
24900 Strike – 31.22 Lakh

Index has resistance near 25200 – 25250 range and if index crosses and sustains above this level then may reach near 25450 - 25500 range.

Index has immediate support near 25000 – 24950 range and if this support is broken then index may tank near 24850 – 24800 range.

Oct 16

Trade closed: target reached

Open flat then made high near 25095 then tanked to low near 24910 with close near 24960.