Midnifty Intraday Analysis for 25th June 2024
Updated
NIFTY_MID_SELECT Maximum Call writing near CMP is at 12300 strike with 5.07 Lakh followed by 3.71 Lakh at 12700 Strike and 2.76 Lakh at 12500 strike and Put writing of 4.66 Lakh at 12000 Strike followed by 4.34 Lakh at 12200 Strike and 3.57 Lakh at 12300 strike. Index is closed near 12275 level.
Index has resistance near 12300 level and if index crosses and sustain above 12350 level then may reach near 12450 - 12500 range.
Index has immediate support near 12200 - 12150 range and if this support is broken then index may tank near 12000 level.
Trade closed: target reached
Gap up opening but could not sustain above 12350 level and tanked to low near 12240 level.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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