Nifty Intraday Analysis for 19th August 2024

18. Aug.

NIFTY

Index closed near 24440 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
25000 Strike – 75.62 Lakh
24900 Strike – 36.62 Lakh
24500 Strike – 35.96 Lakh

Put Writing
24500 Strike – 45.02 Lakh
24000 Strike – 44.03 Lakh
24400 Strike – 40.57 Lakh

Index has resistance near 24650 – 24700 range and if index crosses and sustain above 24750 level then may reach near 24850 - 24950 range.

Index has immediate support near 24350 – 24300 range and if 24300 support is broken then index may tank near 24200 – 24100 range.

19. Aug.

Order storniert

Gap up opening but could not cross 24650 level and closed near 24580.