Midnifty Intraday Analysis for 29th October 2024
NIFTY_MID_SELECT Index closed near 12405 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
12400 Strike – 5.70 Lakh
12500 Strike – 3.67 Lakh
12600 Strike – 1.91 Lakh
Put Writing
12400 Strike – 6.43 Lakh
12500 Strike – 2.09 Lakh
12300 Strike – 1.65 Lakh
Index has immediate resistance near 12550 - 12650 range and if index crosses and sustains above this level then may reach 12800 – 12900 range.
Index has immediate support near 12250 – 12200 range and if this support is broken then index may tank near 12050 – 12000 range.
Trade closed: target reached
Gap up opening then made low near 12310 then bounced with high near 12535 with close near 12515. 
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.