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Nifty Intraday Analysis for 20th August 2024
Nifty 50 Index
Nifty Intraday Analysis for 20th August 2024
By RKMAURYA
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Updated
Aug 20
1
Cheer
Cheer
Aug 19
NIFTY
Index closed near 24575 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 91.82 Lakh
24400 Strike – 54.80 Lakh
24800 Strike – 44.66 Lakh
Put Writing
24000 Strike – 59.03 Lakh
23900 Strike – 55.03 Lakh
24500 Strike – 52.61 Lakh
Index has resistance near 24650 – 24700 range and if index crosses and sustain above 24750 level then may reach near 24850 - 24950 range.
Index has immediate support near 24450 – 24400 range and if 24400 support is broken then index may tank near 24200 – 24100 range.
Aug 20
Trade closed: target reached
Open flat and made high near 24735 but could not sustain and closed near 24670 level.
Supply and Demand
Support and Resistance
Trend Lines
RKMAURYA
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