Midnifty Intraday Analysis for 31st December 2024
Updated
NIFTY_MID_SELECT Index closed near 12990 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
13000 Strike – 3.66 Lakh
13500 Strike – 1.71 Lakh
13200 Strike – 1.14 Lakh
Put Writing
13000 Strike – 4.55 Lakh
12800 Strike – 2.99 Lakh
12700 Strike – 1.20 Lakh
Index has immediate resistance near 13050 – 13100 range and if index crosses and sustains above this level then may reach 13200 – 13250 range.
Index has immediate support near 12800 – 12750 range and if this support is broken then index may tank near 12650 – 12600 range.
Trade closed: target reached
Gap down opening and made low to 12725 then bounced to high near 12970 with close near 12905.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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