Midnifty Intraday Analysis for 01st August 2024
Updated
Index closed near 12945 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13000 Strike – 7.70 Lakh
12900 Strike – 7.35 Lakh
12800 Strike – 5.37 Lakh
Put Writing
12800 Strike – 11.63 Lakh
12900 Strike – 9.36 Lakh
12700 Strike – 5.63 Lakh
Index has immediate resistance near 12975 – 13025 range and if index crosses and sustain above 13025level then may reach near 13200 level.
Index has immediate support near 12820 – 12775 range and if this support is broken then index may tank near 12650 – 12600 range.
Call Writing
13000 Strike – 7.70 Lakh
12900 Strike – 7.35 Lakh
12800 Strike – 5.37 Lakh
Put Writing
12800 Strike – 11.63 Lakh
12900 Strike – 9.36 Lakh
12700 Strike – 5.63 Lakh
Index has immediate resistance near 12975 – 13025 range and if index crosses and sustain above 13025level then may reach near 13200 level.
Index has immediate support near 12820 – 12775 range and if this support is broken then index may tank near 12650 – 12600 range.
Trade closed: target reached
Gap up opening and made high near 12995 then tanked to low near 12790 level.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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