Nifty Intraday Analysis for 26th December 2024
Updated
NIFTY Index closed near 23730 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 119.13 Lakh 23800 Strike – 77.03 Lakh
24900 Strike – 56.41 Lakh
Put Writing
23500 Strike – 92.01 Lakh
23700 Strike – 66.12 Lakh
23800 Strike – 60.35 Lakh
Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range.
Index has immediate support near 23550 – 23500 range and if this support is broken then index may tank near 23350 – 23300 range.
Trade closed: target reached
Gap up opening with high near 23855 then tanked to low near 23655 and closed near 23750.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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