Midnifty Intraday Analysis for 22nd May 2024
Updated
NIFTY_MID_SELECT Maximum Call writing of 6.07 Lakh is at 11300 strike followed by 3.76 Lakh at 11400 Strike and 2.68 Lakh at 11350 strike and Put writing of 7.24 Lakh at 11300 Strike followed by 3.37 Lakh at 11200 Strike and 3.00 Lakh at 11250 strike. Index is closed near 11340 level.
Index has strong resistance near 11350 level and if index crosses and sustain above 11375 level then index may reach near 11500 level.
Index has support near 11250 – 11200 range and if this support is broken then index may tank to 11100 level.
Trade closed: target reached
Gap up opening but could not sustain above 11375 level then tanked to low near 11270 level and again bounced with close near 11360 level below 11375 level.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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