Midnifty Intraday Analysis for 08th August 2025

46
NIFTY_MID_SELECT

Index has immediate resistance near 12825 – 12850 range and if index crosses and sustains above this level then may reach 12975– 13000 range.

Midnifty has immediate support near 12625 – 12600 range and if this support is broken then index may tank near 12475 – 12450 range.

Volatility expected due to further executive orders to be issued by the US President.
Trade closed: target reached
Gap up opening with high near 12760 then tank to low near 12495 and closed near 12505.

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