Midnifty Intraday Analysis for 29th August 2024

Index closed near 13085 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
13100 Strike – 15.32 Lakh
13500 Strike – 13.22 Lakh
13400 Strike – 7.45 Lakh

Put Writing
13100 Strike – 13.36 Lakh
13000 Strike – 11.24 Lakh
12700 Strike – 6.26 Lakh

Index has immediate resistance near 13100 - 13150 range and if index crosses and sustain above 13150 level then may reach 13200 – 13300 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

Open flat and tanked to low near 12985 then bounced to close near 13080.