Midnifty Intraday Analysis for 30th September 2024
Updated
NIFTY_MID_SELECT Index closed near 13330 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13500 Strike – 17.71 Lakh
13300 Strike – 15.27 Lakh
13400 Strike – 13.43 Lakh
Put Writing
13200 Strike – 24.09 Lakh
13300 Strike – 21.46 Lakh
13100 Strike – 11.58 Lakh
Index has immediate resistance near 13350 - 13400 range and if index crosses and sustains above this level then may reach 13450 – 13500 range.
Index has immediate support near 13200 – 13100 range and if this support is broken then index may tank near 12950 – 12900 range.
Trade closed: target reached
Gap down opening ad made low near 13185 then bounced and made high near 13360 and again tanked to close near 13220 level.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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