Midnifty Intraday Analysis for 8th July 2024
Updated
NNIFTY_MID_SELECT
Maximum Call writing near CMP is at 12750 strike with 30.38 Lakh followed by 21.46 Lakh at 12700 Strike and 14.02 Lakh at 12600 strike and Put writing of 17.44 Lakh at 12400 Strike followed by 17.07 Lakh at 12300 Strike and 16.89 Lakh at 12200 strike. Index is closed near 12520 level.
Index has resistance near 12550 level and if index crosses and sustain above 12550 level then may reach near 12700 – 12750 range.
Index has immediate support near 12400 - 12350 range and if this support is broken then index may tank near 12250 – 12200 range.
Maximum Call writing near CMP is at 12750 strike with 30.38 Lakh followed by 21.46 Lakh at 12700 Strike and 14.02 Lakh at 12600 strike and Put writing of 17.44 Lakh at 12400 Strike followed by 17.07 Lakh at 12300 Strike and 16.89 Lakh at 12200 strike. Index is closed near 12520 level.
Index has resistance near 12550 level and if index crosses and sustain above 12550 level then may reach near 12700 – 12750 range.
Index has immediate support near 12400 - 12350 range and if this support is broken then index may tank near 12250 – 12200 range.
Trade closed: target reached
Open flat but could not sustain above 12550 resistance level and tanked to low near 12325 but managed to close near 12400 support level.
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.