Nifty Intraday Analysis for 13th August 2024

NIFTY

Index closed near 24345 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
25000 Strike – 123.90 Lakh
24800 Strike – 51.13 Lakh
24500 Strike – 48.38 Lakh

Put Writing
24000 Strike – 52.85 Lakh
24300 Strike – 40.45 Lakh
24200 Strike – 34.66 Lakh

Index has resistance near 24400 – 24500 range and if index crosses and sustain above 24500 level then may reach near 24650 - 24700 range.

Index has immediate support near 24200 – 24000 range and if 24000 support is broken then index may tank near 23700 – 23600 range.