Midnifty Intraday Analysis for 22nd July 2024

Index closed near 12195 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
12500 Strike – 44.02 Lakh
12600 Strike – 35.65 Lakh
12400 Strike – 35.53 Lakh

Put Writing
12000 Strike – 29.40 Lakh
12200 Strike – 14.87 Lakh
11900 Strike – 13.89 Lakh

Index has resistance near 12300 – 12350 range and if index crosses and sustain above 12350 level then may reach near 12500 – 12600 range.

Index has immediate support near 12000 level and if this support is broken then index may tank near 11900 level.

However, due to Budget on 23rd July 2024, Index less likely to go up.

交易結束：目標達成

Broked 12350 resistance and made high near 12490 level.