Nifty MidCap Select IndexUpdated

Midnifty Intraday Analysis for 30th January 2025

CNXFINANCE

Index closed near 11870 level and Maximum Call and Put Writing near CMP as below in January Month contract:

Call Writing
12200 Strike – 25.54 Lakh
12200 Strike – 12.10 Lakh
12300 Strike – 11.12 Lakh

Put Writing
11500 Strike – 9.21 Lakh
11600 Strike – 9.11 Lakh
11800 Strike – 7.54 Lakh

Index has immediate resistance near 11975 – 12025 range and if index crosses and sustains above this level then may reach 12125 – 12175 range.

Index has immediate support near 11750 – 11700 range and if this support is broken then index may tank near 11625– 11575 range.
Trade closed: target reached
Open flat with high near 11915 then made low near 11775 with close near 11795.

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