Nifty Intraday Analysis for 18th October 2024

Oct 17

NIFTY

Index closed near 24750 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
25000 Strike – 53.45 Lakh
25500 Strike – 29.80 Lakh
24800 Strike – 24.87 Lakh


Put Writing
24800 Strike – 22.58 Lakh
24500 Strike – 22.38 Lakh
25000 Strike – 18.09 Lakh

Index has resistance near 24900 – 25000 range and if index crosses and sustains above this level then may reach near 25150 - 25200 range.

Index has immediate support near 24700 – 24650 range and if this support is broken then index may tank near 24500 – 24450 range.

Oct 18

Trade closed: target reached

Gap down opening with low near 24570 then bounced and made high near 24885 with close near 24865.