Nifty 50 IndexUpdated Nifty Intraday Analysis for 17th February 2025
NIFTY Index closed near 22930 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23300 Strike – 74.77 Lakh 23500 Strike – 64.00 Lakh
23200 Strike – 47.71 Lakh
Put Writing
22500 Strike – 66.69 Lakh
22800 Strike – 36.66 Lakh
23000 Strike – 30.79 Lakh
Bullish RSI divergence is being formed on the Index on 15 Minute chart which is signalling upside momentum.
Index has resistance near 23100 - 23150 range and if index crosses and sustains above this level then may reach near 23250 - 23300 range.
Index has immediate support near 22800 – 22750 range and if this support is broken then index may tank near 22650 – 22600 range.
Trade closed: target reached
Gap down opening and made low near 22725 then bounced and made high near 22975 and closed near 22960.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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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.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
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.