Midnifty Intraday Analysis for 30th May 2024
Updated
NIFTY_MID_SELECT Maximum Call writing near CMP is at 11600 strike with 5.64 Lakh followed by 4.98 Lakh at 11700 Strike and 2.55 Lakh at 11500 strike and Put writing of 6.05 Lakh at 11600 Strike followed by 2.98 Lakh at 11500 Strike and 2.33 Lakh at 11500 strike. Index is closed near 11525 level.
Index has resistance near 11625 level and if index crosses and sustain above 11625 level then index may reach near 11700 level. If crosses and sustain above 11725 then Index may reach near 11800 level.
Index has support near 11440 level and if this support is broken then index may tank to 11350 level.
Trade closed: target reached
Open flat and index broke 11440 support level and made low near 11320 but managed to close near 11350 support level.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.