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.
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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