Nifty MidCap Select IndexUpdated Midnifty Intraday Analysis for 2nd December 2024
NIFTY_MID_SELECT Index closed near 12620 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
12600 Strike – 2.37 Lakh
12700 Strike – 2.13 Lakh
13000 Strike – 2.12 Lakh
Put Writing
12600 Strike – 2.93 Lakh
12500 Strike – 1.80 Lakh
12550 Strike – 1.27 Lakh
Expected to gap down opening due to fresh threat from Trump to BRICS nations and below the expected Q2 in FY 2024-25 number. However, it may recover due to expected good GST Collection data for the November 2024 month.
Index has immediate support near 12500 – 12450 range and if this support is broken then index may tank near 12350 – 12300 range.
Index has immediate resistance near 12700 – 12725 range and if index crosses and sustains above this level then may reach 12850 – 12950 range.
Trade closed: target reached
Open flat with low near 12585 and made high near 12735 with close near 12725.
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: 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.