Nifty Intraday Analysis for 18th December 2024NSE:NIFTY
Index closed near 24335 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24700 Strike – 102.46 Lakh 24500 Strike – 100.29 Lakh
24600 Strike – 98.74 Lakh
Put Writing
22900 Strike – 80.79 Lakh
24000 Strike – 79.80 Lakh
23500 Strike – 62.16 Lakh
Index has resistance near 24500 - 24550 range and if index crosses and sustains above this level then may reach near 24700 - 24750 range.
Index has immediate support near 24175 – 24125 range and if this support is broken then index may tank near 24000 – 23950 range.