Midnifty Intraday Analysis for 24th May 2024
NIFTY_MID_SELECT
Maximum Call writing of 7.75 Lakh is at 11650 strike followed by 6.87 Lakh at 11400 Strike and 6.66 Lakh at 11500 strike and Put writing of 16.68 Lakh at 11300 Strike followed by 7.53 Lakh at 11400 Strike and 6.94 Lakh at 11200 strike. Index is closed near 11420 level.
Index has resistance near 11470 - 11500 level and if index crosses and sustain above 11525 level then index may reach near 11600 level.
Index has support near 11350 - 11300 range and if this support is broken then index may tank to 11200 level.
Maximum Call writing of 7.75 Lakh is at 11650 strike followed by 6.87 Lakh at 11400 Strike and 6.66 Lakh at 11500 strike and Put writing of 16.68 Lakh at 11300 Strike followed by 7.53 Lakh at 11400 Strike and 6.94 Lakh at 11200 strike. Index is closed near 11420 level.
Index has resistance near 11470 - 11500 level and if index crosses and sustain above 11525 level then index may reach near 11600 level.
Index has support near 11350 - 11300 range and if this support is broken then index may tank to 11200 level.
Trade closed: target reached:
Open flat then made low near 11390 level and made high near 11515 level which is near resistance level and dragged to close below 11450 level.