Midnifty Intraday Analysis for 01st February 2025

7 days ago

NIFTY_MID_SELECT

Index closed near 11930 level and Maximum Call and Put Writing near CMP as below in February Month contract:

Call Writing
12000 Strike – 3.11 Lakh
12500 Strike – 2.54 Lakh
11900 Strike – 1.24 Lakh

Put Writing
11500 Strike – 3.09 Lakh
11500 Strike – 2.08 Lakh
12000 Strike – 1.77 Lakh

Index has immediate resistance near 12100 – 12150 range and if index crosses and sustains above this level then may reach 12275 – 12325 range.

Index has immediate support near 11800 – 11750 range and if this support is broken then index may tank near 11550– 11500 range.

Volatility expected on Budget day with a big swing on either side based on perceived market outcome.

6 days ago

Trade closed: target reached

High volatility seen on Budget day with high near 12005 and low near 11645 with close near 11865.