Midnifty Intraday Analysis for 8th January 2025
NIFTY_MID_SELECT Index closed near 12740 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
13000 Strike – 7.19 Lakh
12800 Strike – 4.95 Lakh
12700 Strike – 2.07 Lakh
Put Writing
12800 Strike – 5.24 Lakh
13000 Strike – 4.88 Lakh
12700 Strike – 2.87 Lakh
Index has immediate resistance near 12800 – 12850 range and if index crosses and sustains above this level then may reach 12950 – 13000 range.
Index has immediate support near 12650 – 12600 range and if this support is broken then index may tank near 12500 – 12450 range.
Trade closed: target reached
Open flat with high near 12765 then tank to low to 12420 and close near 12560 on recovery.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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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.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
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.