Midnifty Intraday Analysis for 20th August 2024

Atualizado
NIFTY_MID_SELECT

Index closed near 12730 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
13200 Strike – 5.79 Lakh
13000 Strike – 3.67 Lakh
12800 Strike – 3.38 Lakh

Put Writing
12500 Strike – 4.38 Lakh
12700 Strike – 3.60 Lakh
12800 Strike – 2.70 Lakh

Index has immediate resistance near 12800 - 12825 range and if index crosses and sustain above 12825 level then may reach near 13000.

Index has immediate support near 12650 – 12600 range and if this support is broken then index may tank near 12450 – 12400 range.
Trade fechado: objetivo atingido
Gap up opening and closed above 12825 resistance 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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