Midnifty Intraday Analysis for 17th January 2025
Updated
NIFTY_MID_SELECT Index closed near 12220 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
12500 Strike – 5.76 Lakh
12300 Strike – 3.15 Lakh
12200 Strike – 2.38 Lakh
Put Writing
12000 Strike – 6.98 Lakh
12100 Strike – 3.14 Lakh
11200 Strike – 2.21 Lakh
Index has immediate resistance near 12325 – 12375 range and if index crosses and sustains above this level then may reach 12500 – 12550 range.
Index has immediate support near 12100 – 12050 range and if this support is broken then index may tank near 11900 – 11850 range.
Trade closed: target reached
Open flat and traded in range 12150 to 12290 and closed near 12260.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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