Midnifty Intraday Analysis for 21st November 2024

Index closed near 12170 level and Maximum Call and Put Writing near CMP as below in current Monthly contract:

Call Writing
12300 Strike – 6.15 Lakh
12200 Strike – 3.41 Lakh
12300 Strike – 3.27 Lakh

Put Writing
12000 Strike – 3.67 Lakh
12100 Strike – 3.38 Lakh
12300 Strike – 3.29 Lakh

Index has immediate support near 12000 – 12950 range and if this support is broken then index may tank near 11800 – 11750 range.

Index has immediate resistance near 12300 - 12350 range and if index crosses and sustains above this level then may reach 12450 – 12500 range.

交易結束：目標達成

Open flat then tanked to low near 12040 then bounced and made high near 12235 and closed near 12165.