Midnifty Intraday Analysis for 1st April 2024
Updated
NIFTY_MID_SELECT Maximum Call writing of 19.88 Lakh is at 10600 strike and Put writing of 12.71 Lakh at 10500 Strike. Index is facing resistance near 10570 level.
15 Minute closing above 10570 - 10600 level may lead to 10700 level. Trailing Stop Loss 10500. If Index is not sustaining above 10570 then it may drag to 10490 level in this case Trailing SL for short entre will be 10600.
Trade closed: target reached
Gap up opening above 10600 resistance level and closed near 10696 which is near target of 10700 level.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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