Midnifty Intraday Analysis for 22nd October 2024
Updated
NIFTY_MID_SELECT Index closed near 12695 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13000 Strike – 9.08 Lakh
12800 Strike – 5.29 Lakh
12900 Strike – 5.05 Lakh
Put Writing
12700 Strike – 7.46 Lakh
12500 Strike – 5.45 Lakh
12600 Strike – 3.90 Lakh
Index has immediate resistance near 12900 - 13000 range and if index crosses and sustains above this level then may reach 13150 – 13200 range.
Index has immediate support near 12600 – 12500 range and if this support is broken then index may tank near 12400 – 12300 range.
Trade closed: target reached
Open flat with high near 12755 then tank to low near 12415 with close near 12450.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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