Midnifty Intraday Analysis for 07th June 2024
Updated
NIFTY_MID_SELECT Maximum Call writing near CMP is at 12000 strike with 16.54 Lakh followed by 14.24 Lakh at 11800 Strike and 13.27 Lakh at 11600 strike and Put writing of 12.09 Lakh at 11300 Strike followed by 8.08 Lakh at 11500 Strike and 7.84 Lakh at 11600 strike. Index is closed near 11590 level.
Index has resistance near 11670 – 11700 range and if index crosses and sustain above 10700 level then may reach near 11825 range and if crosses this level then may reach near 12000 level.
Index has immediate support near 10450 level and if this support is broken then index may tank near 11300 level.
Trade closed: target reached
Open flat and made hih but could not cross 11800 level.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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