Midnifty Intraday Analysis for 08th October 2024

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NIFTY_MID_SELECT

Index closed near 12655 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
13000 Strike – 3.78 Lakh
12900 Strike – 2.89 Lakh
12800 Strike – 2.64 Lakh

Put Writing
12500 Strike – 4.69 Lakh
12600 Strike – 3.47 Lakh
12700 Strike – 2.29 Lakh

Index has immediate resistance near 12850 - 12950 range and if index crosses and sustains above this level then may reach 13150 – 13250 range.

Index has immediate support near 12500 – 12450 range and if this support is broken then index may tank near 12350 – 12300 range.
Trade fermée: cible de profit atteinte
Open flat and made low near 12600 and made high near 12900 level.
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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