Midnifty Intraday Analysis for 18th September 2024

Index closed near 13285 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
13300 Strike – 8.34 Lakh
13500 Strike – 6.84 Lakh
13400 Strike – 5.04 Lakh

Put Writing
13300 Strike – 8.35 Lakh
13000 Strike – 6.20 Lakh
13200 Strike – 4.67 Lakh

Index has immediate resistance near 13400- 13500 range and if index crosses and sustains above 13500 level then may reach 13650 – 13700 range.

Index has immediate support near 13250 – 13200 range and if this support is broken then index may tank near 13050– 13000 range.

Index is expected to be in range bound with a slightly lower side due to the upcoming US FOMC Rate cut outcome.

交易結束：目標達成

Open flat and tanked to low near 13050 level with close near 13120.