Midnifty Intraday Analysis for 23rd December 2024
Updated
NIFTY_MID_SELECT Index closed near 12685 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
13000 Strike – 12.19 Lakh
12900 Strike – 4.87 Lakh
12800 Strike – 2.54 Lakh
Put Writing
12500 Strike – 7.11 Lakh
12600 Strike – 4.52 Lakh
12700 Strike – 3.57 Lakh
Index has immediate resistance near 12850 – 12900 range and if index crosses and sustains above this level then may reach 13000 – 13100 range.
Index has immediate support near 12600 – 12550 range and if this support is broken then index may tank near 12400 – 12350 range.
Trade closed: target reached
Gap up opening then made low near 12680 then bounced and made high near 12855 with close near 12755.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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