Midnifty Intraday Analysis for 11th September 2024

Updated
NNIFTY_MID_SELECT

Index closed near 13185 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
13500 Strike – 7.57 Lakh
13200 Strike – 7.55 Lakh
13300 Strike – 4.59 Lakh

Put Writing
13000 Strike – 16.29 Lakh
13200 Strike – 7.32 Lakh
13100 Strike – 6.58 Lakh

Index has immediate resistance near 13300- 13325 range and if index crosses and sustains above 13325 level then may reach 13450 – 13500 range.

Index has immediate support near 13100 – 13000 range and if this support is broken then index may tank near 12900 – 12850 range.
Trade closed: target reached
Open flat and made high near 13255 level then tanked to low near 13080 with close near 13135.
Supply and DemandSupport and ResistanceTrend Lines

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