Nifty Intraday Analysis for 14th October 2024
Updated
NIFTY Index closed near 24965 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 59.63 Lakh
25500 Strike – 45.57 Lakh
25200 Strike – 40.50 Lakh
Put Writing
25000 Strike – 50.60 Lakh
24900 Strike – 28.08 Lakh
24500 Strike – 27.12 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.
Trade closed: target reached
Gap up opening and made high near 25160 with close near 25140.
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