Midnifty Intraday Analysis for 30th December 2024
Updated
NIFTY_MID_SELECT Index closed near 12770 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
12800 Strike – 18.83 Lakh
13000 Strike – 14.38 Lakh
12900 Strike – 11.09 Lakh
Put Writing
12800 Strike – 12.59 Lakh
12500 Strike – 11.92 Lakh
12700 Strike – 10.11 Lakh
Index has immediate resistance near 12850 – 12900 range and if index crosses and sustains above this level then may reach 13000 – 13100 range.
Index has immediate support near 12650 – 12600 range and if this support is broken then index may tank near 12500 – 12450 range.
Trade closed: target reached
Open flat and made low near 12700 then bounced and made high near 13015 with close 12990.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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