Midnifty Intraday Analysis for 23rd July 2024

2024年7月22日

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.

2024年7月23日

交易結束：目標達成

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