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.
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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.