Nifty Intraday Analysis for 16th August 2024

Index closed near 24145 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
24500 Strike – 30.23 Lakh
24200 Strike – 25.10 Lakh
24400 Strike – 22.85 Lakh

Put Writing
24000 Strike – 20.43 Lakh
24200 Strike – 19.87 Lakh
23700 Strike – 17.57 Lakh

Index has resistance near 24350 – 24450 range and if index crosses and sustain above 24500 level then may reach near 24650 - 24700 range.

Index has immediate support near 24050 – 24000 range and if 24000 support is broken then index may tank near 23700 – 23600 range.

交易結束：目標達成

Gap up opening with low near 24205 and closed near 24540 below 24650 resistance level.