Midnifty Intraday Analysis for 2nd January 2025
Updated
NIFTY_MID_SELECT Index closed near 12935 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
13000 Strike – 7.10 Lakh
12800 Strike – 3.10 Lakh
12900 Strike – 2.38 Lakh
Put Writing
13000 Strike – 6.60 Lakh
12800 Strike – 4.25 Lakh
12900 Strike – 3.11 Lakh
Index has immediate resistance near 13050 – 13100 range and if index crosses and sustains above this level then may reach 13200 – 13250 range.
Index has immediate support near 12825 – 12775 range and if this support is broken then index may tank near 12675 – 12625 range.
Trade closed: target reached
Open flat with low near 12920 and made high near 13105 with close near 13095.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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