Nifty Intraday Analysis for 31st December 2024
Updated
NIFTY Index closed near 23645 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 93.65 Lakh 23800 Strike – 66.94 Lakh
23900 Strike – 58.10 Lakh
Put Writing
23000 Strike – 64.44 Lakh
23200 Strike – 61.76 Lakh
23500 Strike – 47.95 Lakh
Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 23950 - 24000 range.
Index has immediate support near 23500 – 23450 range and if this support is broken then index may tank near 23300 – 23250 range.
Trade closed: target reached
Gap down opening and made low to 23460 then bounced to high near 23690 with close near 23645.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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