Midnifty Intraday Analysis for 5th December 2024
Updated
NIFTY_MID_SELECT Index closed near 12925 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
13000 Strike – 4.00 Lakh
12800 Strike – 2.46 Lakh
13300 Strike – 2.41 Lakh
Put Writing
12500 Strike – 3.92 Lakh
12600 Strike – 2.98 Lakh
12700 Strike – 2.93 Lakh
Index has immediate resistance near 13000 – 13050 range and if index crosses and sustains above this level then may reach 13150 – 13200 range.
Index has immediate support near 12800 – 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 13021 then tank to low near 12870 and closed at 12935.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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