Nifty Intraday Analysis for 23rd December 2024
Updated
NIFTY Index closed near 23590 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 93.22 Lakh 23900 Strike – 39.08 Lakh
24800 Strike – 29.17 Lakh
Put Writing
23000 Strike – 82.65 Lakh
23500 Strike – 67.61 Lakh
24000 Strike – 59.83 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 and made high near 23870 then tanked to low near 23645 with close near 23755.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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