Nifty Intraday Analysis for 26th August 2024
Updated
NIFTY Index closed near 24825 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 65.69 Lakh
25500 Strike – 59.53 Lakh
24800 Strike – 57.13 Lakh
Put Writing
24800 Strike – 70.33 Lakh
24500 Strike – 69.41 Lakh
24700 Strike – 51.46 Lakh
Index has resistance near 24875 – 24900 range and if index crosses and sustain above 24900 level then may reach near 25000 - 25100 range.
Index has immediate support near 24750 – 24700 range and if 24700 support is broken then index may tank near 24500 – 24450 range.
Trade closed: target reached
Gap up opening and made high near 25045 level and closed near 25010.
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