NIFTY Index closed near 24685 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 173.68 Lakh 25500 Strike – 132.41 Lakh
25100 Strike – 76.36 Lakh
Put Writing
24000 Strike – 76.42 Lakh
24500 Strike – 68.65 Lakh
24700 Strike – 48.99 Lakh
Index has resistance near 24900 – 24950 range and if index crosses and sustains above this level then may reach near 25150 – 25200 range.
Index has immediate support near 24500 – 24450 range and if this support is broken then index may tank near 24200 – 24150 range.
Trade closed: target reached
Open flat then made high near 24945 then tank to low near 24685 and closed near 24815.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Request for follow on X @rkmaurya_ra
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.