Midnifty Intraday Analysis for 17th September 2024

Sep 16

CNXFINANCE

Index closed near 13275 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
13300 Strike – 6.33 Lakh
13500 Strike – 3.97 Lakh
13400 Strike – 3.91 Lakh

Put Writing
13300 Strike – 5.45 Lakh
13200 Strike – 2.36 Lakh
13250 Strike – 1.61 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.

Sep 17

Trade closed: target reached

Open flat and made low near 13210 and reversed with high near 13315 with close near 13275.