Midnifty Intraday Analysis for 28th October 2024

Updated
NNIFTY_MID_SELECT

Index closed near 12320 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
12700 Strike – 21.67 Lakh
12600 Strike – 19.00 Lakh
12500 Strike – 15.31 Lakh

Put Writing
12000 Strike – 25.38 Lakh
12300 Strike – 9.60 Lakh
12200 Strike – 9.25 Lakh

Index has immediate resistance near 12550 - 12650 range and if index crosses and sustains above this level then may reach 12800 – 12900 range.

Index has immediate support near 12150 – 12100 range and if this support is broken then index may tank near 11950 – 11900 range.
Order cancelled
Traded in range between 12310 - 12420.
Supply and DemandSupport and ResistanceTrend Lines

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