Nifty Intraday Analysis for 16th September 2024
Updated
NIFTY Index closed near 25355 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
26000 Strike – 66.15 Lakh
25400 Strike – 47.05 Lakh
25500 Strike – 42.91 Lakh
Put Writing
25000 Strike – 53.49 Lakh
25200 Strike – 42.22 Lakh
25300 Strike – 32.83 Lakh
Index has resistance near 25450 – 25500 range and if index crosses and sustains above 25550 level then may reach near 25650 - 25700 range.
Index has immediate support near 25250 – 25200 range and if 25200 support is broken then index may tank near 25000 – 24900 range.
Trade closed: target reached
Gap up opening and traded in range between 25445 and 25365 level.
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