Nifty Intraday Analysis for 12th December 2024

Updated
NIFTY

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.
Trade closed: target reached
Open flat and made high near 24675 then tanked to low near 24530 with close near 24550.
Supply and DemandSupport and ResistanceTrend Lines

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

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