Midnifty Intraday Analysis for 8th May 2024
Updated
NIFTY_MID_SELECT Maximum Call writing of 10.69 Lakh is at 11100 strike followed by 7.28 Lakh at 11000 Strike and 5.27 Lakh at 11300 strike and Put writing of 7.04 Lakh at 10800 Strike followed by 6.53 Lakh at 11000 Strike and 6.18 Lakh at 10600 strike. Index is closed near 11845 level.
Index has support near 10675 - 10600 level and less likely to go below 10600 level.
Index may face resistance near 10950 - 11000 level and less likely to go beyond 11025 level.
Trade closed: target reached
Open flat and made low near 10750 then bounced to resistance near 10950 level as analysed.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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