Midnifty Intraday Analysis for 11th June 2024
Updated
NIFTY_MID_SELECT Maximum Call writing near CMP is at 11700 strike with 4.84 Lakh followed by 2.61 Lakh at 11600 Strike and 2.58 Lakh at 12000 strike and Put writing of 3.94 Lakh at 11700 Strike followed by 2.89 Lakh at 11600 Strike and 2.09 Lakh at 11500 strike. Index is closed near 11690 level.
Index has resistance near 11800 - 11825 range and if index crosses and sustain above 10850 level then may reach near 12000 range and if crosses this level then may reach near 12100 level.
Index has immediate support near 10525 - 11500 range and if this support is broken then index may tank near 11300 level.
Trade closed: target reached
Open flat and traded in range but could not cross 11825 resistance level.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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