NIFTY Index closed near 24665 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 148.50 Lakh 24700 Strike – 85.99 Lakh
24800 Strike – 83.55 Lakh
Put Writing
24000 Strike – 121.17 Lakh
24500 Strike – 83.82 Lakh
24600 Strike – 75.95 Lakh
Index has resistance near 24800 – 25850 range and if index crosses and sustains above this level then may reach near 24950 – 25000 range.
Index has immediate support near 24500 – 23450 range and if this support is broken then index may tank near 24250 – 24200 range.
Trade closed: target reached
Open flat and made low near 24495 then bounced and made high near 25115 and closed near 25060.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Request for follow on X @rkmaurya_ra
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.