Midnifty Intraday Analysis for 10th October 2024
Updated
NIFTY_MID_SELECT Index closed near 12975 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13000 Strike – 10.89 Lakh
13200 Strike – 5.46 Lakh
13200 Strike – 4.65 Lakh
Put Writing
13000 Strike – 9.30 Lakh
12700 Strike – 8.18 Lakh
12800 Strike – 6.92 Lakh
Index has immediate resistance near 13000 - 13100 range and if index crosses and sustains above this level then may reach 13250 – 13350 range.
Index has immediate support near 12850 – 12750 range and if this support is broken then index may tank near 12650 – 12600 range.
Trade closed: target reached
Gap up opening with high near 13085 then tank to low near 12870 with close near 12925.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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