Midnifty Intraday Analysis for 16th October 2024

Index closed near 13105 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
13500 Strike – 8.56 Lakh
13200 Strike – 8.19 Lakh
13100 Strike – 7.04 Lakh

Put Writing
13100 Strike – 10.39 Lakh
13000 Strike – 8.61 Lakh
13200 Strike – 4.87 Lakh

Index has immediate resistance near 13200 - 13250 range and if index crosses and sustains above this level then may reach 13350 – 13400 range.

Index has immediate support near 13050 – 13000 range and if this support is broken then index may tank near 12900 – 12850 range.

交易結束：目標達成

Open flat and made high near 13205 then made low near 13110 with close near 13150.