Nifty Intraday Analysis for 18th September 2024

Sep 17

NIFTY

Index closed near 25420 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
26000 Strike – 107.29 Lakh
25400 Strike – 50.29 Lakh
25300 Strike – 49.07 Lakh

Put Writing
25000 Strike – 62.11 Lakh
25400 Strike – 47.97 Lakh
25300 Strike – 47.22 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.

Index is expected to be in range bound with a slightly lower side due to the upcoming US FOMC Rate cut outcome.

Sep 18

Trade closed: target reached

Open flat and made high near 25480 level then tanked to low near 25285 and closed near 25345.