Nifty 50 IndexUpdated Nifty Intraday Analysis for 19th December 2024
NIFTY Index closed near 24200 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24500 Strike – 114.28 Lakh 24300 Strike – 113.59 Lakh
24400 Strike – 104.68 Lakh
Put Writing
24000 Strike – 85.55 Lakh
24200 Strike – 74.22 Lakh
23900 Strike – 56.04 Lakh
Index has resistance near 24325 - 24350 range and if index crosses and sustains above this level then may reach near 24450 - 24500 range.
Index has immediate support near 24050 – 24000 range and if this support is broken then index may tank near 23850 – 23800 range.
Big Moment on either side expected after US FOMC Meeting outcome and Commentary on 18 - 19 Dec’24 night.
Trade closed: target reached
Gap down opening with low near 23870 and traded in range with high near 24005 with close near 23950.
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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