Midnifty Intraday Analysis for 12th August 2024
Updated
NNIFTY_MID_SELECT
Index closed near 12600 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13000 Strike – 34.40 Lakh
12700 Strike – 18.94 Lakh
12800 Strike – 15.83 Lakh
Put Writing
12500 Strike – 15.71 Lakh
12400 Strike – 13.32 Lakh
12600 Strike – 12.35 Lakh
Index has immediate resistance near 12725 - 12825 range and if index crosses and sustain above 12825 level then may reach near 13000.
Index has immediate support near 12500 – 12400 range and if this support is broken then index may tank near 12200 – 12000 range.
Index closed near 12600 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13000 Strike – 34.40 Lakh
12700 Strike – 18.94 Lakh
12800 Strike – 15.83 Lakh
Put Writing
12500 Strike – 15.71 Lakh
12400 Strike – 13.32 Lakh
12600 Strike – 12.35 Lakh
Index has immediate resistance near 12725 - 12825 range and if index crosses and sustain above 12825 level then may reach near 13000.
Index has immediate support near 12500 – 12400 range and if this support is broken then index may tank near 12200 – 12000 range.
Trade closed: target reached
Gap down opening and made low near 12470 level and bounced to high near 12685.
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