Nifty Intraday Analysis for 19th September 2024
Updated
NIFTY Index closed near 25380 level and Maximum Call and Put Writing near CMP as below in current
weekly contract:
Call Writing
26000 Strike – 105.16 Lakh
25500 Strike – 69.36 Lakh
25400 Strike – 57.84 Lakh
Put Writing
25000 Strike – 71.84 Lakh
24500 Strike – 57.21 Lakh
25300 Strike – 45.11 Lakh
Index has resistance near 25450 – 25500 range and if index crosses and sustains above 25550 level then may reach near 25650 - 25700 range.
Index has immediate support near 25250 – 25200 range and if 25200 support is broken then index may tank near 25000 – 24900 range.
Big swing expected on either side due to the upcoming US FOMC Rate cut outcome.
Trade closed: target reached
Gap up opening and made high near 25610 then tank to low near 25735 with close near 25450.
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