Midnifty Intraday Analysis for 09th October 2024
Updated
NIFTY_MID_SELECT Index closed near 12875 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13000 Strike – 6.90 Lakh
12900 Strike – 4.68 Lakh
12800 Strike – 4.68 Lakh
Put Writing
12800 Strike – 8.66 Lakh
12700 Strike – 5.25 Lakh
12600 Strike – 5.10 Lakh
Index has immediate resistance near 13000 - 13100 range and if index crosses and sustains above this level then may reach 13250 – 13350 range.
Index has immediate support near 12750 – 12650 range and if this support is broken then index may tank near 12550 – 12500 range.
Trade closed: target reached
Gap up opening and made high near 13030 level and closed near 12980.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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