Midnifty Intraday Analysis for 08th November 2024
Updated
NNIFTY_MID_SELECT
Index closed near 12595 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13000 Strike – 12.36 Lakh
12600 Strike – 11.73 Lakh
12700 Strike – 10.01 Lakh
Put Writing
12600 Strike – 10.42 Lakh
12500 Strike – 8.40 Lakh
12300 Strike – 8.38 Lakh
Index has immediate resistance near 12700 - 12750 range and if index crosses and sustains above this level then may reach 12900 – 12950 range.
Index has immediate support near 12500 – 12450 range and if this support is broken then index may tank near 12250 – 12200 range.
Index closed near 12595 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13000 Strike – 12.36 Lakh
12600 Strike – 11.73 Lakh
12700 Strike – 10.01 Lakh
Put Writing
12600 Strike – 10.42 Lakh
12500 Strike – 8.40 Lakh
12300 Strike – 8.38 Lakh
Index has immediate resistance near 12700 - 12750 range and if index crosses and sustains above this level then may reach 12900 – 12950 range.
Index has immediate support near 12500 – 12450 range and if this support is broken then index may tank near 12250 – 12200 range.
Trade closed: target reached
Gap up opening with high near 12670 then tanked to low near 12485.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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