Midnifty Intraday Analysis for 21st May 2024
NIFTY_MID_SELECT
Maximum Call writing of 5.06 Lakh is at 11300 strike followed by 3.04 Lakh at 11500 Strike and 2.12 Lakh at 11350 strike and Put writing of 4.93 Lakh at 11300 Strike followed by 2.76 Lakh at 11100 Strike and 2.05 Lakh at 11200 strike. Index is closed near 11335 level.
Index may face resistance near 11350 level if crosses and sustain above 11375 level then index may reach near 11500 level.
Index has support near 11225 – 11180 level and if this support is broken then index may tank to 11100 level.
Maximum Call writing of 5.06 Lakh is at 11300 strike followed by 3.04 Lakh at 11500 Strike and 2.12 Lakh at 11350 strike and Put writing of 4.93 Lakh at 11300 Strike followed by 2.76 Lakh at 11100 Strike and 2.05 Lakh at 11200 strike. Index is closed near 11335 level.
Index may face resistance near 11350 level if crosses and sustain above 11375 level then index may reach near 11500 level.
Index has support near 11225 – 11180 level and if this support is broken then index may tank to 11100 level.
Trade closed: target reached:
Gap down opening but could not break 11225 support level and bounced near 11350 resistance level but closed below it.