Nifty Intraday Analysis for 21st October 2024

Oct 20

NIFTY

Index closed near 24855 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
25000 Strike – 53.45 Lakh
25500 Strike – 42.62 Lakh
25100 Strike – 31.69 Lakh


Put Writing
24500 Strike – 37.52 Lakh
24800 Strike – 33.90 Lakh
24700 Strike – 32.87 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 21

Trade closed: target reached

Gap up opening with high near 24980 then tanked to low near 24680 with close near 24740.