Midnifty Intraday Analysis for 27th May 2024
NIFTY_MID_SELECT
Maximum Call writing near CMP is at 11500 strike with 24.01 Lakh followed by 16.92 Lakh at 11600 Strike and 16.35 Lakh at 11700 strike and Put writing of 21.46 Lakh at 11400 Strike followed by 20.55 Lakh at 11300 Strike and 14.35 Lakh at 11200 strike. Index is closed near 11460 level.
Index has resistance near 11500 - 11525 level and if index crosses and sustain above 11560 level then index may reach near 11600 level.
Index has support near 11400 - 11300 range and if this support is broken then index may tank to 11200 level.
Maximum Call writing near CMP is at 11500 strike with 24.01 Lakh followed by 16.92 Lakh at 11600 Strike and 16.35 Lakh at 11700 strike and Put writing of 21.46 Lakh at 11400 Strike followed by 20.55 Lakh at 11300 Strike and 14.35 Lakh at 11200 strike. Index is closed near 11460 level.
Index has resistance near 11500 - 11525 level and if index crosses and sustain above 11560 level then index may reach near 11600 level.
Index has support near 11400 - 11300 range and if this support is broken then index may tank to 11200 level.
Trade closed: target reached:
Broked 11525 resistance level and made high near 11785 level with close near 11675 level.