Midnifty Intraday Analysis for 04th February 2025

7 days ago

NIFTY_MID_SELECT

Index closed near 11820 level and Maximum Call and Put Writing near CMP as below in February Month contract:

Call Writing
12500 Strike – 5.72 Lakh
12000 Strike – 4.47 Lakh
11800 Strike – 3.10 Lakh

Put Writing
11500 Strike – 5.00 Lakh
11800 Strike – 3.68 Lakh
12000 Strike – 2.44 Lakh

Index has immediate resistance near 12000 – 12050 range and if index crosses and sustains above this level then may reach 12175 – 12225 range.

Index has immediate support near 11700 – 11650 range and if this support is broken then index may tank near 11550– 11500 range.

Volatility expected due to escalation of tariff war by the Trump Administration w.e.f 04th Feb.

6 days ago

Trade closed: target reached

Gap up opening with low near 11895 then made high near 12055 and closed near 12010.