Nifty MidCap Select IndexUpdated

Midnifty Intraday Analysis for 29th January 2025

NIFTY_MID_SELECT

Index closed near 11645 level and Maximum Call and Put Writing near CMP as below in January Month contract:

Call Writing
12000 Strike – 13.53 Lakh
11900 Strike – 7.54 Lakh
11800 Strike – 6.46 Lakh

Put Writing
11600 Strike – 9.49 Lakh
11500 Strike – 7.35 Lakh
11400 Strike – 6.33 Lakh

Index has immediate resistance near 11800 – 11850 range and if index crosses and sustains above this level then may reach 11900 – 11950 range.

Index has immediate support near 11550 – 11500 range and if this support is broken then index may tank near 11350– 11300 range.
Trade closed: target reached
Open flat with low near 11640 and made high near 11880 and closed near 11870.

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