Nifty Intraday Analysis for 12th November 2024

2 days ago

NIFTY

Index closed near 24140 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
24500 Strike – 72.55 Lakh
24300 Strike – 47.91 Lakh
24200 Strike – 45.80 Lakh

Put Writing
24000 Strike – 39.91 Lakh
24200 Strike – 34.10 Lakh
24100 Strike – 27.49 Lakh

Index has resistance near 24350 – 24400 range and if index crosses and sustains above this level then may reach near 24500 - 24600 range.

Index has immediate support near 24100 – 24000 range and if this support is broken then index may tank near 23850 – 23800 range.

yesterday

Trade closed: target reached

Gap up opening with high near 24240 then tank to low near 23840.