Midnifty Intraday Analysis for 6th January 2025

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NIFTY_MID_SELECT

Index closed near 13010 level and Maximum Call and Put Writing near CMP as below in January Month contract:

Call Writing
13000 Strike – 5.99 Lakh
13200 Strike – 2.54 Lakh
12800 Strike – 2.39 Lakh

Put Writing
13000 Strike – 6.71 Lakh
12800 Strike – 4.15 Lakh
12900 Strike – 2.01 Lakh

Index has immediate resistance near 13125 – 13175 range and if index crosses and sustains above this level then may reach 13250 – 13300 range.

Index has immediate support near 12925 – 12875 range and if this support is broken then index may tank near 12750 – 12700 range.
Trade fermée: cible de profit atteinte
Gap up opening with high near 13055 and then tank due to HMPV with low near 12655 with close near 12695.
Supply and DemandSupport and ResistanceTrend Lines

Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.

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