Midnifty Intraday Analysis for 31st July 2024
Updated
NIFTY_MID_SELECT Index closed near 12870 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
12800 Strike – 7.75 Lakh
13000 Strike – 4.47 Lakh
12900 Strike – 5.17 Lakh
Put Writing
12800 Strike – 10.41 Lakh
12500 Strike – 7.72 Lakh
12700 Strike – 5.55 Lakh
Index has immediate resistance near 12875 – 12925 range and if index crosses and sustain above 12925 level then may reach near 13000 level.
Index has immediate support near 12750 – 12700 range and if this support is broken then index may tank near 12350 – 12300 range.
Trade closed: target reached
Open flat and made high near 12970.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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