Midnifty Intraday Analysis for 19th September 2024
Updated
NIFTY_MID_SELECT Index closed near 13135 level and Maximum Call and Put Writing near CMP as below in current
weekly contract:
Call Writing
13300 Strike – 13.50 Lakh
13200 Strike – 12.25 Lakh
13500 Strike – 10.17 Lakh
Put Writing
13300 Strike – 6.72 Lakh
13200 Strike – 6.16 Lakh
13000 Strike – 5.95 Lakh
Index has immediate resistance near 13400 - 13500 range and if index crosses and sustains above 13500 level then may reach 13650 – 13700 range.
Index has immediate support near 13000 – 12900 range and if this support is broken then index may tank near 12800 – 12750 range.
Big swing expected on either side due to the upcoming US FOMC Rate cut outcome.
Trade closed: target reached
Gap up opening and made high near 13280 then tanked to low near 12880 and closed near 13100.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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