Nifty Intraday Analysis for 09th September 2024

Sep 8

NIFTY

Index closed near 2850 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
25200 Strike – 71.81 Lakh
25000 Strike – 67.40 Lakh
25100 Strike – 63.26 Lakh

Put Writing
24500 Strike – 42.96 Lakh
25000 Strike – 30.44 Lakh
24600 Strike – 28.64 Lakh

Index has resistance near 24950 – 25000 range and if index crosses and sustains above 25000 level then may reach near 25150 - 25200 range.

Index has immediate support near 24800 – 24750 range and if 24750 support is broken then index may tank near 24600 – 24500 range.

Sep 9

Trade closed: target reached

Gap down opening with low near 24755 then bounced and closed near 24940 near day high.