Midnifty Intraday Analysis for 29th April 2024
Updated
NIFTY_MID_SELECT Maximum Call writing buildup of 21.52 Lakh is at 11200 strike followed by 19.83 Lakh at 11100 Strike and 18.95 Lakh at 11000 strike and Put writing of 23.23 Lakh at 10900 Strike followed by 23.09 Lakh at 10800 Strike and 18.74 Lakh at 10600 strike. Index is closed near 10970 level. Index support is shifting upward.
Significant Call writing is at 11000 strike which will act as resistance and if index sustain above 11000 then it may reach near 11100 level
Index has strong support near 10880 - 10800 leve and less likely to go below this level unless any geopolitical crisis arises.
Trade closed: target reached
Gap up above 11000 and made high near 11050 level.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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