Nifty Intraday Analysis for 17th December 2024
NIFTY Index closed near 24670 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 97.25 Lakh 24700 Strike – 73.95 Lakh
24800 Strike – 59.48 Lakh
Put Writing
24500 Strike – 64.68 Lakh
24700 Strike – 53.24 Lakh
24600 Strike – 45.84 Lakh
Index has resistance near 24775 - 24825 range and if index crosses and sustains above this level then may reach near 24950 - 25000 range.
Index has immediate support near 24550 – 24500 range and if this support is broken then index may tank near 24350 – 24250 range.
Trade closed: target reached
Gap down opening with high near 24625 then tanked to low near 24305 with close near 24335.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
Disclaimer
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