Midnifty Intraday Analysis for 10th January 2025
Updated
NIFTY_MID_SELECT Index closed near 12480 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
12600 Strike – 3.19 Lakh
12700 Strike – 2.77 Lakh
12500 Strike – 2.52 Lakh
Put Writing
12500 Strike – 4.73 Lakh
12600 Strike – 2.40 Lakh
12700 Strike – 2.26 Lakh
Index has immediate resistance near 12600 – 12650 range and if index crosses and sustains above this level then may reach 12750 – 12800 range.
Index has immediate support near 12350 – 12300 range and if this support is broken then index may tank near 12200 – 12150 range.
Trade closed: target reached
Open flat with high near 12510 then tanked to low near 12265 again bounced but could not sustained and closed near 12285.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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