Midnifty Intraday Analysis for 16th December 2024
CNXFINANCE Index closed near 13135 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
13000 Strike – 5.03 Lakh
13300 Strike – 2.67 Lakh
13100 Strike – 2.56 Lakh
Put Writing
13000 Strike – 5.51 Lakh
12900 Strike – 2.70 Lakh
13100 Strike – 2.51Lakh
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 13000 – 12950 range and if this support is broken then index may tank near 12850 – 12800 range.
Trade closed: target reached
Gap up opening and made low near 13145 and high near 13220 with close near 13205.
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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