Nifty Intraday Analysis for 11th September 2024

Sep 10

NIFTY

Index closed near 25040 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
25500 Strike – 64.92 Lakh
25100 Strike – 61.65 Lakh
25200 Strike – 60.07 Lakh

Put Writing
24600 Strike – 59.10 Lakh
25000 Strike – 55.21 Lakh
24800 Strike – 51.60 Lakh

Index has resistance near 25200 – 25250 range and if index crosses and sustains above 25250 level then may reach near 25450 - 25500 range.

Index has immediate support near 24950 – 24850 range and if 24850 support is broken then index may tank near 24750 – 24700 range.

Sep 11

Trade closed: target reached

Open flat and made high near 25115 then tanked to low near 24885 with close near 24950.