Midnifty Intraday Analysis for 12th December 2024

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NNIFTY_MID_SELECT

Index closed near 13135 level and Maximum Call and Put Writing near CMP as below in December Month contract:

Call Writing
13000 Strike – 7.22 Lakh
13300 Strike – 2.70 Lakh
13200 Strike – 2.17 Lakh

Put Writing
13000 Strike –8.00 Lakh
13100 Strike – 2.34 Lakh
12900 Strike – 2.13 Lakh

Index has immediate resistance near 13200 – 13225 range and if index crosses and sustains above this level then may reach 13400 – 13450 range.

Index has immediate support near 13075 – 13025 range and if this support is broken then index may tank near 12900 – 12850 range.
Trade chiuso: obiettivo raggiunto
Gap up opening with high near 13160 then tanked to low near 13060 with close near 13070.
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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