Midnifty Intraday Analysis for 23rd July 2024

22 ก.ค. 2024

NIFTY_MID_SELECT

Index closed near 12415 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
12400 Strike – 4.80 Lakh
12500 Strike – 2.83 Lakh
12600 Strike – 1.84 Lakh

Put Writing
12400 Strike – 4.58 Lakh
12300 Strike – 2.66 Lakh
11900 Strike – 2.35 Lakh

Index has resistance near 12500 – 12600 range and if index crosses and sustain above 12600 level then may reach near 12700 – 12750 range

Index has immediate support near 12300 level and if this support is broken then index may tank near 12100 – 12000 range.

Budget Day experience high volatility.

23 ก.ค. 2024

ปิดการเทรด: ถึงเป้าหมายการทำกำไร

Highly volatile day due to Budget. Index tanked to low near 11950 and bounced back quickly to close above 12300 support level.