Midnifty Intraday Analysis for 24th June 2024
Updated
NIFTY_MID_SELECT Maximum Call writing near CMP is at 12500 strike with 25.79 Lakh followed by 19.40 Lakh at 12200 Strike and 16.74 Lakh at 12300 strike and Put writing of 21.57 Lakh at 12000 Strike followed by 16.63 Lakh at 12100 Strike and 16.24 Lakh at 11800 strike. Index is closed near 12165 level.
Index has resistance near 12200 - 12250 level and if index crosses and sustain above 12250 level then may reach near 12500 level.
Index has immediate support near 12100 - 12000 range and if this support is broken then index may tank near 11900 level.
Trade closed: target reached
Gap down opening and made low near 12000 support level and bounced and breaked 12250 resistance level.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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