Midnifty Intraday Analysis for 24th July 2024

Index closed near 12375 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
12400 Strike – 13.59 Lakh
12500 Strike – 8.81 Lakh
12600 Strike – 5.94 Lakh

Put Writing
12400 Strike – 9.81 Lakh
12000 Strike – 9.24 Lakh
12300 Strike – 7.82 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 12200 level and if this support is broken then index may tank near 12100 – 12000 range.

交易結束：目標達成

Open flat and made low near 12340 and closed near 12475.