Midnifty Intraday Analysis for 13th January 2025

12 Jan

NIFTY_MID_SELECT

Index closed near 12285 level and Maximum Call and Put Writing near CMP as below in January Month contract:

Call Writing
12500 Strike – 4.06 Lakh
12400 Strike – 1.46 Lakh
12300 Strike – 1.40 Lakh

Put Writing
12500 Strike – 4.82 Lakh
12300 Strike – 2.81 Lakh
12400 Strike – 2.35 Lakh

Index has immediate resistance near 12375 – 12425 range and if index crosses and sustains above this level then may reach 12650 – 12700 range.

Index has immediate support near 12175 – 12125 range and if this support is broken then index may tank near 12025 – 11925 range. Gap down opening expected in anticipation of slow down in rate cut in US due to good employment data released on Friday evening.

13 Jan

Trading ditutup: target tercapai

Gap down opening with high near 12165 then further tanked to low near 11790 and closed near 11815.