Midnifty Intraday Analysis for 14th May 2024
Updated
NIFTY_MID_SELECT Maximum Call writing of 5.11 Lakh is at 11000 strike followed by 3.82 Lakh at 11200 Strike and 3.24 Lakh at 11100 strike and Put writing of 6.81 Lakh at 11000 Strike followed by 3.87 Lakh at 10800 Strike and 3.50 Lakh at 10900 strike. Index is closed near 11095 level.
Index may face resistance near 11200 - 11225 level and less likely to go above 11250 level.
Index has support near 11025 - 1100 level and if this support is broken then index may tank to 10950 level.
Trade closed: target reached
Open flat then tanked to low near support of 11025 - 11000 level then bounced to high near 11050 level and closed above 11100 support level.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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