Midnifty Intraday Analysis for 05th June 2024
Updated
NIFTY_MID_SELECTMaximum Call writing near CMP is at 11000 strike with 4.52 Lakh followed by 4.11 Lakh at 11500 Strike and 2.48 Lakh at 12000 strike and Put writing of 4.98 Lakh at 11000 Strike followed by 2.47 Lakh at 11500 Strike and 1.43 Lakh at 11400 strike. Index is closed near 10840 level.
Index has immediate support near 10500 – 10450 range and if this support is broken then index may tank near 10050 – 10000 range.
Index has resistance near 11170 – 11300 range and if index crosses and sustain above 10300 level then may reach near 11450 – 11600 range.
Trade closed: target reached
Open flat and closed near 11450 resistance as analysed.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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