Midnifty Intraday Analysis for 22nd January 2025

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NIFTY_MID_SELECT

Index closed near 12015 level and Maximum Call and Put Writing near CMP as below in January Month contract:

Call Writing
12500 Strike – 8.21 Lakh
12300 Strike – 5.49 Lakh
12400 Strike – 4.43 Lakh

Put Writing
12000 Strike – 7.36 Lakh
11800 Strike – 5.87 Lakh
11700 Strike – 2.74 Lakh

Index has immediate resistance near 12200 – 12250 range and if index crosses and sustains above this level then may reach 12350 – 12400 range.

Index has immediate support near 11850 – 11800 range and if this support is broken then index may tank near 11700 – 11650 range.

Volatility expected due uncertainty on the tariff imposition decision by the Trump Administration and any other unaccounted news.
Trade chiuso: obiettivo raggiunto
Open flat with high near 12055 then tank to low near 11790 then bounced and closed near 11920.
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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