Nifty MidCap Select IndexUpdated Midnifty Intraday Analysis for 20th December 2024
NIFTY_MID_SELECT Index closed near 13025 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
13200 Strike – 5.80 Lakh
13100 Strike – 3.53 Lakh
13300 Strike – 3.20 Lakh
Put Writing
13000 Strike – 6.96 Lakh
12900 Strike – 3.60 Lakh
12800 Strike – 3.02 Lakh
Index has immediate resistance near 13175 – 13225 range and if index crosses and sustains above this level then may reach 13350 – 13400 range.
Index has immediate support near 12990 – 12950 range and if this support is broken then index may tank near 12850 – 12800 range.
Trade closed: target reached
Gap up opening with high near 13025 then tanked to low near 13660 and close near 13685.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
Disclaimer
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