Nifty Intraday Analysis for 19th November 2024
Updated
NIFTY Index closed near 23455 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 88.90 Lakh
23500 Strike – 63.16 Lakh
23700 Strike – 56.76 Lakh
Put Writing
23000 Strike – 63.52 Lakh
23500 Strike – 52.89 Lakh
23200 Strike – 43.92 Lakh
Index has immediate support near 23350 – 23300 range and if this support is broken then index may tank near 23100 – 23000 range.
Index has resistance near 23650 – 23750 range and if index crosses and sustains above this level then may reach near 23950 - 24000 range.
Trade closed: target reached
Gap up opening and made high near 23780 and then tank due to Fresh Ukraine Russia war escalation and made low near 23465.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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