Nifty 50 IndexUpdated Nifty Intraday Analysis for 20th December 2024
NIFTY Index closed near 23950 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 67.06 Lakh 24500 Strike – 67.03 Lakh
24300 Strike – 39.61 Lakh
Put Writing
24000 Strike – 87.98 Lakh
24000 Strike – 66.15 Lakh
23600 Strike – 26.00 Lakh
Index has resistance near 24150 - 24200 range and if index crosses and sustains above this level then may reach near 24300 - 24350 range.
Index has immediate support near 23850 – 23800 range and if this support is broken then index may tank near 23700 – 23650 range.
Trade closed: target reached
Gap down opening and made high near 24065 then tanked to low near 23535 and close near 23590.
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: 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
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