Midnifty Intraday Analysis for 17th October 2024
Updated
NIFTY_MID_SELECT Index closed near 13145 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13200 Strike – 11.48 Lakh
13500 Strike – 9.15 Lakh
13100 Strike – 7.40 Lakh
Put Writing
13100 Strike – 10.57 Lakh
13000 Strike – 9.56 Lakh
12900 Strike – 5.72 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 with high near 13185 then tanked to low near 12975.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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