Midnifty Intraday Analysis for 3rd May 2024
NIFTY_MID_SELECT
Maximum Call writing of 13.22 Lakh is at 11500 strike followed by 13.04 Lakh at 11200 Strike and 11.13 Lakh at 11100 strike and Put writing of 16.77 Lakh at 11100 Strike followed by 11.79 Lakh at 11000 Strike and 7.36 Lakh at 10900 strike. Index is closed near 11130 level.
Index may face resistance near 11200 level and if this resistance is broken then index may reach near 11500 level.
Index has strong support near 11060 - 11000 level and if this support is broken then index may reach near 10900 level.
Maximum Call writing of 13.22 Lakh is at 11500 strike followed by 13.04 Lakh at 11200 Strike and 11.13 Lakh at 11100 strike and Put writing of 16.77 Lakh at 11100 Strike followed by 11.79 Lakh at 11000 Strike and 7.36 Lakh at 10900 strike. Index is closed near 11130 level.
Index may face resistance near 11200 level and if this resistance is broken then index may reach near 11500 level.
Index has strong support near 11060 - 11000 level and if this support is broken then index may reach near 10900 level.
Trade closed: target reached:
Open flat and made high near 11160 then tanked and found support near 11000 as analysed.