Nifty MidCap Select IndexTelah dikemas kini

Midnifty Intraday Analysis for 2nd December 2024

NIFTY_MID_SELECT

Index closed near 12620 level and Maximum Call and Put Writing near CMP as below in December Month contract:

Call Writing
12600 Strike – 2.37 Lakh
12700 Strike – 2.13 Lakh
13000 Strike – 2.12 Lakh

Put Writing
12600 Strike – 2.93 Lakh
12500 Strike – 1.80 Lakh
12550 Strike – 1.27 Lakh

Expected to gap down opening due to fresh threat from Trump to BRICS nations and below the expected Q2 in FY 2024-25 number. However, it may recover due to expected good GST Collection data for the November 2024 month.

Index has immediate support near 12500 – 12450 range and if this support is broken then index may tank near 12350 – 12300 range.

Index has immediate resistance near 12700 – 12725 range and if index crosses and sustains above this level then may reach 12850 – 12950 range.
Dagangan ditutup: sasaran tercapai
Open flat with low near 12585 and made high near 12735 with close near 12725.

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