Midnifty Intraday Analysis for 25th September 2024

Updated
NNIFTY_MID_SELECT

Index closed near 13285 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
13300 Strike – 7.95 Lakh
13200 Strike – 6.63 Lakh
13500 Strike – 5.20 Lakh

Put Writing
13200 Strike – 9.63 Lakh
13000 Strike – 6.03 Lakh
13200 Strike – 5.00 Lakh

Index has immediate resistance near 13200 - 13300 range and if index crosses and sustains above 13300 level then may reach 13450 – 13500 range.

Index has immediate support near 13160 – 13050 range and if this support is broken then index may tank near 12950 – 12900 range.
Trade closed: target reached
Open flat and traded in narrow range between 13300 - 13205.
Supply and DemandSupport and ResistanceTrend Lines

Also on:

Disclaimer