Nifty MidCap Select Index
Updated

Midnifty Intraday Analysis for 24th February 2025

33
NIFTY_MID_SELECT

Index closed near 11200 level and Maximum Call and Put Writing near CMP as below in February Month contract:

Call Writing
11500 Strike – 8.69 Lakh
11300 Strike – 7.52 Lakh
11400 Strike – 6.68 Lakh

Put Writing
11000 Strike – 12.41 Lakh
11500 Strike – 6.38 Lakh
11300 Strike – 6.18 Lakh

Index has immediate resistance near 11350 – 11400 range and if index crosses and sustains above this level then may reach 11500 – 11550 range.

Index has immediate support near 11150 – 11100 range and if this support is broken then index may tank near 10950 – 10900 range.
Trade closed: target reached
Gap down opening with low near 11010 then bounced to make day high near 11165 and closed near 11165.

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