Midnifty Intraday Analysis for 2nd September 2024

Index closed near 13160 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
13500 Strike – 23.40 Lakh
13200 Strike – 18.90 Lakh
13300 Strike – 15.29 Lakh

Put Writing
13000 Strike – 28.12 Lakh
13100 Strike – 25.52 Lakh
13150 Strike – 13.90 Lakh

Index has immediate resistance near 13200 - 13300 range and if index crosses and sustain above 13300 level then may reach 13450 – 13500 range.

Index has immediate support near 13000 – 12950 range and if this support is broken then index may tank near 12850 – 12800 range.

交易結束：目標達成

Gap up opening above 13200 level but could not sustain and tanked to low near 13140 level.