Midnifty Intraday Analysis for 01st November 2024
Updated
NNIFTY_MID_SELECT
Index closed near 12350 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
12500 Strike – 20.29 Lakh
12600 Strike – 16.34 Lakh
12400 Strike – 15.72 Lakh
Put Writing
12300 Strike – 12.44 Lakh
12400 Strike – 9.60 Lakh
12200 Strike – 6.62 Lakh
It is expected that the Index will be in a narrow range on Muhurat Trading Day.
Index has immediate resistance near 12400 - 12450 range and if index crosses and sustains above this level then may reach 12550 – 12600 range.
Index has immediate support near 12250 – 12200 range and if this support is broken then index may tank near 12150 – 12100 range.
Index closed near 12350 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
12500 Strike – 20.29 Lakh
12600 Strike – 16.34 Lakh
12400 Strike – 15.72 Lakh
Put Writing
12300 Strike – 12.44 Lakh
12400 Strike – 9.60 Lakh
12200 Strike – 6.62 Lakh
It is expected that the Index will be in a narrow range on Muhurat Trading Day.
Index has immediate resistance near 12400 - 12450 range and if index crosses and sustains above this level then may reach 12550 – 12600 range.
Index has immediate support near 12250 – 12200 range and if this support is broken then index may tank near 12150 – 12100 range.
Trade closed: target reached
Gap up opening with high near 12450 and profit booking drag to close near 12410.
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