Nifty MidCap Select IndexUpdated Midnifty Intraday Analysis for 23rd July 2024
NIFTY_MID_SELECT Index closed near 12415 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
12400 Strike – 4.80 Lakh
12500 Strike – 2.83 Lakh
12600 Strike – 1.84 Lakh
Put Writing
12400 Strike – 4.58 Lakh
12300 Strike – 2.66 Lakh
11900 Strike – 2.35 Lakh
Index has resistance near 12500 – 12600 range and if index crosses and sustain above 12600 level then may reach near 12700 – 12750 range
Index has immediate support near 12300 level and if this support is broken then index may tank near 12100 – 12000 range.
Budget Day experience high volatility.
Trade closed: target reached
Highly volatile day due to Budget. Index tanked to low near 11950 and bounced back quickly to close above 12300 support level.
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: 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
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