Midnifty Intraday Analysis for 13th May 2024
NIFTY_MID_SELECT
Maximum Call writing of 22.88 Lakh is at 11000 strike followed by 20.28 Lakh at 11200 Strike and 19.35 Lakh at 11100 strike and Put writing of 23.14 Lakh at 10700 Strike followed by 19.22 Lakh at 10800 Strike and 17.11 Lakh at 10500 strike. Index is closed near 10880 level.
Index has support near 10750 - 10700 level and if this support is broken then index may tank to 10500 level.
Index may face resistance near 10950 - 10975 level and less likely to go above 11025 level.
Maximum Call writing of 22.88 Lakh is at 11000 strike followed by 20.28 Lakh at 11200 Strike and 19.35 Lakh at 11100 strike and Put writing of 23.14 Lakh at 10700 Strike followed by 19.22 Lakh at 10800 Strike and 17.11 Lakh at 10500 strike. Index is closed near 10880 level.
Index has support near 10750 - 10700 level and if this support is broken then index may tank to 10500 level.
Index may face resistance near 10950 - 10975 level and less likely to go above 11025 level.
Trade closed: target reached:
Index tanked in opening and found support near 10760 which is in the range of 10750 - 10700 range then bounced made broken 10025 resistance and closed near 11090 level.