Midnifty Intraday Analysis for 28th November 2024

Updated
NNIFTY_MID_SELECT

Index closed near 12620 level and Maximum Call and Put Writing near CMP as below in December Month contract:

Call Writing
12600 Strike – 2.64 Lakh
13000 Strike – 1.98 Lakh
12500 Strike – 1.22 Lakh

Put Writing
12600 Strike – 3,02 Lakh
12500 Strike – 1.97 Lakh
12550 Strike – 0.77 Lakh

Index has immediate resistance near 12750 – 12800 range and if index crosses and sustains above this level then may reach 12950 – 13000 range.

Index has immediate support near 12450 – 12400 range and if this support is broken then index may tank near 12250 – 12200 range.
Trade closed: target reached
Gap up opening with high near 12690 then tanked to low near 12530 with close near 12555.
Supply and DemandSupport and ResistanceTrend Lines

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