Nifty MidCap Select IndexUpdated Midnifty Intraday Analysis for 18th February 2025
NIFTY_MID_SELECT Index closed near 11175 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
11000 Strike – 7.64 Lakh
11500 Strike – 6.17 Lakh
11400 Strike – 3.76 Lakh
Put Writing
11000 Strike – 13.93 Lakh
10800 Strike – 4.10 Lakh
11100 Strike – 3.82 Lakh
Inverse Head & Shoulder pattern is being formed on the Index on 15 Minute chart which is signalling upside momentum.
Index has immediate resistance near 11350 – 11400 range and if index crosses and sustains above this level then may reach 11550 – 11600 range.
Index has immediate support near 11000 – 10950 range and if this support is broken then index may tank near 10850– 10800 range.
Trade closed: target reached
Open flat with high near 11205 then tanked to low near 11000 and again bounced to close near 11135.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.