Midnifty Intraday Analysis for 28th June 2024
Updated
NIFTY_MID_SELECT Maximum Call writing near CMP is at 12300 strike with 18.40 Lakh followed by 11.54 Lakh at 12500 Strike and 9.06 Lakh at 12400 strike and Put writing of 14.37 Lakh at 12200 Strike followed by 11.04 Lakh at 12300 Strike and 9.99 Lakh at 12000 strike. Index is closed near 12255 level.
Index has resistance near 12350 – 12400 range and if index crosses and sustain above 12400 level then may reach near 12500 level.
Index has immediate support near 12200 - 12150 range and if this support is broken then index may tank near 12000 level.
Trade closed: target reached
Open flat and traded in range between 12210 - 12305 range.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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