Midnifty Intraday Analysis for 16th October 2024
NIFTY_MID_SELECT Index closed near 13105 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13500 Strike – 8.56 Lakh
13200 Strike – 8.19 Lakh
13100 Strike – 7.04 Lakh
Put Writing
13100 Strike – 10.39 Lakh
13000 Strike – 8.61 Lakh
13200 Strike – 4.87 Lakh
Index has immediate resistance near 13200 - 13250 range and if index crosses and sustains above this level then may reach 13350 – 13400 range.
Index has immediate support near 13050 – 13000 range and if this support is broken then index may tank near 12900 – 12850 range.
Trade closed: target reached
Open flat and made high near 13205 then made low near 13110 with close near 13150.
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: 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
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