Long

Nifty Intraday Analysis for 12th December 2024

Updated

3 hours ago

yesterday

Index closed near 24640 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
24700 Strike – 146.50 Lakh 25000 Strike – 145.21 Lakh
24600 Strike – 102.78 Lakh

Put Writing
24000 Strike – 110.82 Lakh
24500 Strike – 109.43 Lakh
24600 Strike – 99.69 Lakh

Index has resistance near 24700 – 24750 range and if index crosses and sustains above this level then may reach near 24900 - 24950 range.

Index has immediate support near 24500 – 24450 range and if this support is broken then index may tank near 24300 – 24250 range.

3 hours ago

Trade closed: target reached

Open flat and made high near 24675 then tanked to low near 24530 with close near 24550.

RKMAURYA

Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.

Request for follow on X @rkmaurya_ra

Also on:

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.