Midnifty Intraday Analysis for 10th May 2024
Updated
NIFTY_MID_SELECT Maximum Call writing of 17.76 Lakh is at 11100 strike followed by 15.20 Lakh at 11000 Strike and 14.38 Lakh at 11200 strike and Put writing of 16.49 Lakh at 10700 Strike followed by 14.27 Lakh at 10500 Strike and 9.61 Lakh at 10800 strike. Index is closed near 10750 level.
Index has support near 10675 - 10700 level and if this support is broken then index may tank to 10600 level.
Index may face resistance near 10850 - 10900 level and less likely to go above 10950 level.
Trade closed: target reached
Open flat then made low near 10695 then bounced and reached near 10890 near 10900 resistance level as analysed.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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