Midnifty Intraday Analysis for 8th August 2024
Updated
NNIFTY_MID_SELECT
Index closed near 12565 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
12500 Strike – 9.71 Lakh
12700 Strike – 6.52 Lakh
12500 Strike – 5.31 Lakh
Put Writing
12500 Strike – 12.64 Lakh
12200 Strike – 11.56 Lakh
12300 Strike – 7.41 Lakh
Index has immediate resistance near 12600 - 12625 range and if index crosses and sustain above 12625 level then may reach near 12775 level and if sustain above that then reach near 13000.
Index has immediate support near 12450 – 12350 range and if this support is broken then index may tank near 12200 – 12000 range.
Index closed near 12565 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
12500 Strike – 9.71 Lakh
12700 Strike – 6.52 Lakh
12500 Strike – 5.31 Lakh
Put Writing
12500 Strike – 12.64 Lakh
12200 Strike – 11.56 Lakh
12300 Strike – 7.41 Lakh
Index has immediate resistance near 12600 - 12625 range and if index crosses and sustain above 12625 level then may reach near 12775 level and if sustain above that then reach near 13000.
Index has immediate support near 12450 – 12350 range and if this support is broken then index may tank near 12200 – 12000 range.
Trade closed: target reached
Gap down opening and made high near 12600 resistance level after RBI MPC meeting outcome.
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