Nifty Intraday Analysis for 09th October 2024

Oct 8

NIFTY

Index closed near 25015 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
25500 Strike – 74.85 Lakh
25200 Strike – 57.99 Lakh
25000 Strike – 51.68 Lakh


Put Writing
25000 Strike – 44.03 Lakh
24500 Strike – 43.71 Lakh
24800 Strike – 31.21 Lakh

Index has resistance near 25250 – 25300 range and if index crosses and sustains above this level then may reach near 25500 - 25600 range.

Index has immediate support near 24800 – 24700 range and if this support is broken then index may tank near 24550 – 24500 range.

Oct 9

Trade closed: target reached

Open flat and made high near 25235 then tank to low near 24950 with close near 25020.