Midnifty Intraday Analysis for 7th August 2024
Updated
NNIFTY_MID_SELECT
Index closed near 12250 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
12500 Strike – 7.54 Lakh
12400 Strike – 6.05 Lakh
12800 Strike – 5.32 Lakh
Put Writing
12000 Strike – 6.57 Lakh
12300 Strike – 5.71 Lakh
12200 Strike – 4.74 Lakh
Index has immediate support near 12100 – 12000 range and if this support is broken then index may tank near 11800 – 11700 range.
Index has immediate resistance near 12425 range and if index crosses and sustain above 12475 level then may reach near 12600 level.
Index closed near 12250 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
12500 Strike – 7.54 Lakh
12400 Strike – 6.05 Lakh
12800 Strike – 5.32 Lakh
Put Writing
12000 Strike – 6.57 Lakh
12300 Strike – 5.71 Lakh
12200 Strike – 4.74 Lakh
Index has immediate support near 12100 – 12000 range and if this support is broken then index may tank near 11800 – 11700 range.
Index has immediate resistance near 12425 range and if index crosses and sustain above 12475 level then may reach near 12600 level.
Trade closed: target reached
Gap up opening and closed below 12600 resistance level.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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