Midnifty Intraday Analysis for 24th December 2024
Updated
NIFTY_MID_SELECT Index closed near 12755 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
13000 Strike – 9.46 Lakh
12900 Strike – 6.93 Lakh
12800 Strike – 6.89 Lakh
Put Writing
12500 Strike – 6.71 Lakh
12800 Strike – 5.49 Lakh
12700 Strike – 4.70 Lakh
Index has immediate resistance near 12850 – 12900 range and if index crosses and sustains above this level then may reach 13000 – 13100 range.
Index has immediate support near 12600 – 12550 range and if this support is broken then index may tank near 12400 – 12350 range.
Trade closed: target reached
Open flat and made low near 12685 then made high near 12830 and close near 12755.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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