Midnifty Intraday Analysis for 22nd January 2025
NIFTY_MID_SELECT Index closed near 12015 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
12500 Strike – 8.21 Lakh
12300 Strike – 5.49 Lakh
12400 Strike – 4.43 Lakh
Put Writing
12000 Strike – 7.36 Lakh
11800 Strike – 5.87 Lakh
11700 Strike – 2.74 Lakh
Index has immediate resistance near 12200 – 12250 range and if index crosses and sustains above this level then may reach 12350 – 12400 range.
Index has immediate support near 11850 – 11800 range and if this support is broken then index may tank near 11700 – 11650 range.
Volatility expected due uncertainty on the tariff imposition decision by the Trump Administration and any other unaccounted news.
Trade closed: target reached
Open flat with high near 12055 then tank to low near 11790 then bounced and closed near 11920.
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.