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.
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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.