Nifty MidCap Select Index
Long
Updated

Midnifty Intraday Analysis for 17th December 2024

NIFTY_MID_SELECT

Index closed near 13205 level and Maximum Call and Put Writing near CMP as below in December Month contract:

Call Writing
13500 Strike – 6.53 Lakh
13000 Strike – 3.90 Lakh
13200 Strike – 3.10 Lakh

Put Writing
13000 Strike – 6.37 Lakh
13100 Strike – 3.34 Lakh
13200 Strike – 2.61 Lakh

Index has immediate resistance near 13250 – 13300 range and if index crosses and sustains above this level then may reach 13450 – 13500 range.

Index has immediate support near 13100 – 13050 range and if this support is broken then index may tank near 12900 – 12850 range.
Trade closed: target reached
Gap up opening with high near 13240 then tanked to low near 13065 with close near 13090.

Disclaimer