Midnifty Intraday Analysis for 16th September 2024
Updated
NNIFTY_MID_SELECT
Index closed near 13345 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13500 Strike – 20.69 Lakh
13350 Strike – 15.29 Lakh
13400 Strike – 15.22 Lakh
Put Writing
13200 Strike – 16.55 Lakh
13100 Strike – 16.43 Lakh
13300 Strike – 14.18 Lakh
Index has immediate resistance near 13400- 13500 range and if index crosses and sustains above 13500 level then may reach 13650 – 13700 range.
Index has immediate support near 13250 – 13200 range and if this support is broken then index may tank near 13050– 13000 range.
Index closed near 13345 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13500 Strike – 20.69 Lakh
13350 Strike – 15.29 Lakh
13400 Strike – 15.22 Lakh
Put Writing
13200 Strike – 16.55 Lakh
13100 Strike – 16.43 Lakh
13300 Strike – 14.18 Lakh
Index has immediate resistance near 13400- 13500 range and if index crosses and sustains above 13500 level then may reach 13650 – 13700 range.
Index has immediate support near 13250 – 13200 range and if this support is broken then index may tank near 13050– 13000 range.
Trade closed: target reached
Gap up opening and faced resistance near 13400 and tanked and closed near low.
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