Nifty Intraday Analysis for 22nd August 2024
Updated
NIFTY Index closed near 24770 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 120.50 Lakh
24800 Strike – 69.59 Lakh
24900 Strike – 59.72 Lakh
Put Writing
24500 Strike – 80.33 Lakh
24700 Strike – 76.63 Lakh
24300 Strike – 68.64 Lakh
Index has resistance near 24800 – 24850 range and if index crosses and sustain above 24850 level then may reach near 24950 - 25000 range.
Index has immediate support near 24650 – 24600 range and if 24600 support is broken then index may tank near 24500 – 24450 range.
Order cancelled
Gap up opening and traded in narrow range.
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