Midnifty Intraday Analysis for 29th May 2024
Updated
NIFTY_MID_SELECT Maximum Call writing near CMP is at 11600 strike with 5.16 Lakh followed by 4.07 Lakh at 11700 Strike and 1.79 Lakh at 11800 strike and Put writing of 5.95 Lakh at 11600 Strike followed by 2.51 Lakh at 11700 Strike and 2.15 Lakh at 11500 strike. Index is closed near 11580 level.
Index has resistance near 11625 level and if index crosses and sustain above 11625 level then index may reach near 11700 level. If crosses and sustain above 11725 then Index may reach near 11800 level.
Index has support near 11500 range and if this support is broken then index may tank to 11350 level.
Order cancelled
Traded in range between 11490 - 11590 range. No trade initiated.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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