Nifty MidCap Select IndexUpdated Midnifty Intraday Analysis for 19th December 2024
NIFTY_MID_SELECT Index closed near 13030 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
13200 Strike – 5.69 Lakh
13000 Strike – 3.78 Lakh
13300 Strike – 3.20 Lakh
Put Writing
13000 Strike – 4.21 Lakh
12800 Strike – 3.44 Lakh
13100 Strike – 2.65 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.
Big Moment on either side expected after US FOMC Meeting outcome and Commentary on 18 - 19 Dec’24 night.
Trade closed: target reached
Gap down opening with low near 12790 then bounced and made high near 13040 with close near 13025.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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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.
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
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.