Midnifty Intraday Analysis for 4th July 2024
NIFTY_MID_SELECT
Maximum Call writing near CMP is at 12300 strike with 10.92 Lakh followed by 5.16 Lakh at 12600 Strike and 4.77 Lakh at 12500 strike and Put writing of 9.92 Lakh at 12300 Strike followed by 9.15 Lakh at 12000 Strike and 6.66 Lakh at 12200 strike. Index is closed near 12300 level.
Index has resistance near 12350 – 12400 range and if index crosses and sustain above 12400 level then may reach near 12500 level.
Index has immediate support near 12200 - 12150 range and if this support is broken then index may tank near 12000 level.
Maximum Call writing near CMP is at 12300 strike with 10.92 Lakh followed by 5.16 Lakh at 12600 Strike and 4.77 Lakh at 12500 strike and Put writing of 9.92 Lakh at 12300 Strike followed by 9.15 Lakh at 12000 Strike and 6.66 Lakh at 12200 strike. Index is closed near 12300 level.
Index has resistance near 12350 – 12400 range and if index crosses and sustain above 12400 level then may reach near 12500 level.
Index has immediate support near 12200 - 12150 range and if this support is broken then index may tank near 12000 level.
Trade closed: target reached:
Gap up opening and broked 12400 resistance level and closed above 12450 level.