Midnifty Intraday Analysis for 12th November 2024
NIFTY_MID_SELECT Index closed near 12495 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
12500 Strike – 6.81 Lakh
12600 Strike – 1.68 Lakh
12700 Strike – 1.25 Lakh
Put Writing
12500 Strike – 6.66 Lakh
12300 Strike – 1.49 Lakh
12400 Strike – 1.29 Lakh
Index has immediate resistance near 12600 - 12700 range and if index crosses and sustains above this level then may reach 12850 – 12900 range.
Index has immediate support near 12400 – 12350 range and if this support is broken then index may tank near 12200 – 12150 range.
Trade closed: target reached
Gap up opening with 12575 then tank to low near 12300.
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.
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.