Midnifty Intraday Analysis for 15th January 2025

NIFTY_MID_SELECT

Index closed near 12060 level and Maximum Call and Put Writing near CMP as below in January Month contract:

Call Writing
12000 Strike – 4.26 Lakh
12300 Strike – 2.73 Lakh
12200 Strike – 1.78 Lakh

Put Writing
12000 Strike – 6.98 Lakh
11800 Strike – 2.46 Lakh
11900 Strike – 2.03 Lakh

Index has immediate resistance near 12200 – 12250 range and if index crosses and sustains above this level then may reach 12400 – 12450 range.

Index has immediate support near 11900 – 11850 range and if this support is broken then index may tank near 11700 – 11650 range.
Trade closed: target reached
Gap up opening and made low near 12010 and made high near 12215 and closed near 12130.

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