Midnifty Intraday Analysis for 31st October 2024
Updated
NIFTY_MID_SELECT Index closed near 12450 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
12500 Strike – 14.29 Lakh
12600 Strike – 11.64 Lakh
12400 Strike – 8.08 Lakh
Put Writing
12500 Strike – 9.48 Lakh
12400 Strike – 8.96 Lakh
12300 Strike – 6.16 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 high near 12490 then tank to low near 12240 and closed near 12350.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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