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Midnifty Intraday Analysis for 16th August 2024
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Nifty MidCap Select Index
Midnifty Intraday Analysis for 16th August 2024
By RKMAURYA
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Updated
Aug 17
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Cheer
Cheer
Aug 15
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NIFTY_MID_SELECT
Index closed near 12520 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
12500 Strike – 11.60 Lakh
12700 Strike – 9.43 Lakh
12600 Strike – 8.78 Lakh
Put Writing
12500 Strike – 13.65 Lakh
12200 Strike – 6.85 Lakh
12300 Strike – 6.39 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 12450 – 12400 range and if this support is broken then index may tank near 12200 – 12000 range.
Aug 17
Trade closed: target reached
Gap up opening with low near 12575 and closed near 12715 below 12725 resistance.
Supply and Demand
Support and Resistance
Trend Lines
RKMAURYA
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