Midnifty Intraday Analysis for 26th November 2024
Updated
NIFTY_MID_SELECT Index closed near 12575 level and Maximum Call and Put Writing near CMP as below in December Monthly contract:
Call Writing
13000 Strike – 1.33 Lakh
12600 Strike – 1.15 Lakh
12500 Strike – 1.05 Lakh
Put Writing
12500 Strike – 1.47 Lakh
12600 Strike – 0.95 Lakh
12550 Strike – 0.39 Lakh
Index has immediate resistance near 12750 – 12800 range and if index crosses and sustains above this level then may reach 12950 – 13000 range.
Index has immediate support near 12350 – 12300 range and if this support is broken then index may tank near 12200 – 12150 range.
Trade closed: target reached
Gap up opening with high near 12670 then tanked to low near 12555 and close near 12570.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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