Nifty Intraday Analysis for 17th October 2024
Updated
NIFTY Index closed near 24970 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25500 Strike – 115.91 Lakh
25200 Strike – 101.49 Lakh
25000 Strike – 89.50 Lakh
Put Writing
24500 Strike – 65.98 Lakh
25000 Strike – 58.70 Lakh
24800 Strike – 54.30 Lakh
Index has resistance near 25000 – 25100 range and if index crosses and sustains above this level then may reach near 25250 - 25300 range.
Index has immediate support near 24850 – 24800 range and if this support is broken then index may tank near 24700 – 24650 range.
Trade closed: target reached
Gap up opening with high near 25030 then tanked to low near 24730.
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