Midnifty Intraday Analysis for 18th October 2024

Index closed near 12990 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
13200 Strike – 19.99 Lakh
13500 Strike – 17.53 Lakh
13100 Strike – 14.95 Lakh

Put Writing
13000 Strike – 14.61 Lakh
12800 Strike – 8.81 Lakh
13100 Strike – 7.39 Lakh

Index has immediate resistance near 13150 - 13250 range and if index crosses and sustains above this level then may reach 13350 – 13400 range.

Index has immediate support near 12900 – 12950 range and if this support is broken then index may tank near 12800 – 12750 range.

Trade closed: target reached

Gap down opening with low near 12810 then bounced and made high near 13065 with close near 13035.

RKMAURYA

Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.

Request for follow on X @rkmaurya_ra

Also on:

RKMAURYA

Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.

Request for follow on X @rkmaurya_ra

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.