Nifty 50 IndexUpdated Nifty Intraday Analysis for 18th February 2025
NIFTY Index closed near 22960 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23500 Strike – 76.13 Lakh 23300 Strike – 74.60 Lakh
23700 Strike – 71.27 Lakh
Put Writing
22500 Strike – 62.01 Lakh
22600 Strike – 56.88 Lakh
22800 Strike – 50.76 Lakh
Inverse Head & Shoulder pattern is being formed on the Index on 15 Minute chart which is signalling upside momentum.
Index may reach 23200 - 23250 range, if crosses and sustains above 23000 level. Further, Index may reach 23400 - 23450 range, iIf sustain above 23300 level.
Index has immediate support near 22750 – 22700 range and if this support is broken then index may tank near 22650 – 22600 range.
Trade closed: target reached
Open flat with high near 22995 then tanked to low near 22800 and again bounced to close near 22945.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.