Midnifty Intraday Analysis for 30th August 2024

Updated
NNIFTY_MID_SELECT

Index closed near 13095 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
13100 Strike – 20.33 Lakh
13500 Strike – 13.86 Lakh
13200 Strike – 7.93 Lakh

Put Writing
13000 Strike – 15.81 Lakh
13100 Strike – 12.82 Lakh
12800 Strike – 6.19 Lakh

Index has immediate resistance near 13125 - 13150 range and if index crosses and sustain above 13150 level then may reach 13200 – 13300 range.

Index has immediate support near 13000 – 12950 range and if this support is broken then index may tank near 12850 – 12800 range.
Trade closed: target reached
Gap up opening and made high near 13190 with close near 13170.
Supply and DemandSupport and ResistanceTrend Lines

Also on:

Disclaimer