Midnifty Intraday Analysis for 19th November 2024

Index closed near 12090 level and Maximum Call and Put Writing near CMP as below in current Monthly contract:

Call Writing
12100 Strike – 4.98 Lakh
12200 Strike – 1.76 Lakh
12300 Strike – 1.50 Lakh

Put Writing
12100 Strike – 3.65 Lakh
12000 Strike – 2.62 Lakh
11900 Strike – 1.01 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 12225 - 12275 range and if index crosses and sustains above this level then may reach 12350 – 12400 range.

交易結束：目標達成

Gap up opening and made high near 12320 and then tank due to Fresh Ukraine Russia war escalation and made low near 12125.