Midnifty Intraday Analysis for 18th September 2024
Updated
NNIFTY_MID_SELECT
Index closed near 13285 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13300 Strike – 8.34 Lakh
13500 Strike – 6.84 Lakh
13400 Strike – 5.04 Lakh
Put Writing
13300 Strike – 8.35 Lakh
13000 Strike – 6.20 Lakh
13200 Strike – 4.67 Lakh
Index has immediate resistance near 13400- 13500 range and if index crosses and sustains above 13500 level then may reach 13650 – 13700 range.
Index has immediate support near 13250 – 13200 range and if this support is broken then index may tank near 13050– 13000 range.
Index is expected to be in range bound with a slightly lower side due to the upcoming US FOMC Rate cut outcome.
Index closed near 13285 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13300 Strike – 8.34 Lakh
13500 Strike – 6.84 Lakh
13400 Strike – 5.04 Lakh
Put Writing
13300 Strike – 8.35 Lakh
13000 Strike – 6.20 Lakh
13200 Strike – 4.67 Lakh
Index has immediate resistance near 13400- 13500 range and if index crosses and sustains above 13500 level then may reach 13650 – 13700 range.
Index has immediate support near 13250 – 13200 range and if this support is broken then index may tank near 13050– 13000 range.
Index is expected to be in range bound with a slightly lower side due to the upcoming US FOMC Rate cut outcome.
Trade closed: target reached
Open flat and tanked to low near 13050 level with close near 13120.
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