Midnifty Intraday Analysis for 16th January 2025
NIFTY_MID_SELECT Index closed near 12135 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
12000 Strike – 2.93 Lakh
12300 Strike – 2.81 Lakh
12200 Strike – 2.30 Lakh
Put Writing
12000 Strike – 7.95 Lakh
12100 Strike – 2.78 Lakh
11800 Strike – 2.21 Lakh
Index has immediate resistance near 12275 – 12325 range and if index crosses and sustains above this level then may reach 12400 – 12450 range.
Index has immediate support near 11950 – 11900 range and if this support is broken then index may tank near 11800 – 11750 range.
Trade closed: target reached
Gap up opening and made high near 12300 and profit booking dragged to low near 12210 and closed near 12220.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
Disclaimer
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