Midnifty Intraday Analysis for 05th November 2024

Index closed near 12290 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
12300 Strike – 6.47 Lakh
12400 Strike – 1.52 Lakh
12500 Strike – 1.41 Lakh

Put Writing
12300 Strike – 6.71 Lakh
12200 Strike – 2.22 Lakh
12000 Strike – 1.78 Lakh

Index has immediate resistance near 12400 - 12450 range and if index crosses and sustains above this level then may reach 12550 – 12600 range.

Index has immediate support near 12225 – 12175 range and if this support is broken then index may tank near 12050 – 12950 range.

交易結束：目標達成

Open flat then tank to low near 12125 then bounced and made high near 12385 with close near 12365.