Midnifty Intraday Analysis for 30th October 2024

Updated
NNIFTY_MID_SELECT

Index closed near 12525 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
12400 Strike – 7.89 Lakh
12500 Strike – 7.71 Lakh
12600 Strike – 2.75 Lakh

Put Writing
12400 Strike – 9.25 Lakh
12300 Strike – 5.78 Lakh
12500 Strike – 5.42 Lakh

Index has immediate resistance near 12600 - 12650 range and if index crosses and sustains above this level then may reach 12800 – 12900 range.

Index has immediate support near 12400 – 12300 range and if this support is broken then index may tank near 12200 – 12100 range.
Trade closed: target reached
Open flat with low near 12435 then bounced and made high near 12575 and again tank to close near 12445.
Supply and DemandSupport and ResistanceTrend Lines

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