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Nifty 50 Index
Long

Nifty Intraday Analysis for 13th December 2024

By RKMAURYA
Updated
NIFTY

Index closed near 24550 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
25000 Strike – 48.18 Lakh 24600 Strike – 37.20 Lakh
24700 Strike – 29.81 Lakh

Put Writing
24000 Strike – 30.22 Lakh
24600 Strike – 29.33 Lakh
24500 Strike – 29.25 Lakh

Index has resistance near 24700 – 24750 range and if index crosses and sustains above this level then may reach near 24900 - 24950 range.

Index has immediate support near 24500 – 24450 range and if this support is broken then index may tank near 24300 – 24250 range.
Trade closed: target reached
Gap down opening and tanked to low near 24180 then bounced and made high near 24790 with close near 24770.
Supply and DemandSupport and ResistanceTrend Lines
RKMAURYA
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.

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