Midnifty Intraday Analysis for 14th October 2024
Updated
NIFTY_MID_SELECT Index closed near 12975 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13000 Strike – 20.84 Lakh
13200 Strike – 20.58 Lakh
13100 Strike – 10.40 Lakh
Put Writing
12700 Strike – 16.61 Lakh
12800 Strike – 13.89 Lakh
12900 Strike – 12.98 Lakh
Index has immediate resistance near 13000 - 13100 range and if index crosses and sustains above this level then may reach 13250 – 13350 range.
Index has immediate support near 12850 – 12750 range and if this support is broken then index may tank near 12650 – 12600 range.
Trade closed: target reached
Open flat with low near 12930 and made high near 13130 with close near 13105.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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