Midnifty Intraday Analysis for 03rd June 2024
NIFTY_MID_SELECT
Maximum Call writing near CMP is at 11500 strike with 12.16 Lakh followed by 10.20 Lakh at 11400 Strike and 8.55 Lakh at 11600 strike and Put writing of 23.70 Lakh at 11000 Strike followed by 7.93 Lakh at 11300 Strike and 7.11 Lakh at 11200 strike. Index is closed near 11360 level. Volatility will be high due to exit poll outcome and General Election result on 4th June.
Gap up opening expected above 11450 and if index crosses and sustain above 11500 range, then index may reach near 11600 level and if index crosses and sustain above 11625 level, then Index may reach near 11700 level. Profit booking expected on higher level in the last trading session due to election result on 4th June.
Index has support near 11300 - 11275 range and if this support is broken then index may tank to 11200 – 11100 range.
Maximum Call writing near CMP is at 11500 strike with 12.16 Lakh followed by 10.20 Lakh at 11400 Strike and 8.55 Lakh at 11600 strike and Put writing of 23.70 Lakh at 11000 Strike followed by 7.93 Lakh at 11300 Strike and 7.11 Lakh at 11200 strike. Index is closed near 11360 level. Volatility will be high due to exit poll outcome and General Election result on 4th June.
Gap up opening expected above 11450 and if index crosses and sustain above 11500 range, then index may reach near 11600 level and if index crosses and sustain above 11625 level, then Index may reach near 11700 level. Profit booking expected on higher level in the last trading session due to election result on 4th June.
Index has support near 11300 - 11275 range and if this support is broken then index may tank to 11200 – 11100 range.
Trade closed: target reached:
Gap up opening above 11700 level but could not cross 11800 level.