Midnifty Intraday Analysis for 24th April 2024
NIFTY_MID_SELECT
Maximum Call writing buildup of 9.29 Lakh is at 10800 strike followed by 5.50 Lakh at 10700 Strike and 5.27 Lakh at 10850 strike and Put writing of 6.48 Lakh at 10700 Strike followed by 5.65 Lakh at 10800 Strike. Index is closed near 10780 level.
Index may face resistance near 10800 - 10825 level and go near 10950 level if sustain above 10850.
Index support is shifted upward near 10700 level and less likely to fall below 10680 unless new geopolitical tension arises.
It is expected that the index trade around 10700 - 10950 level if was tension is not escalated much.
Maximum Call writing buildup of 9.29 Lakh is at 10800 strike followed by 5.50 Lakh at 10700 Strike and 5.27 Lakh at 10850 strike and Put writing of 6.48 Lakh at 10700 Strike followed by 5.65 Lakh at 10800 Strike. Index is closed near 10780 level.
Index may face resistance near 10800 - 10825 level and go near 10950 level if sustain above 10850.
Index support is shifted upward near 10700 level and less likely to fall below 10680 unless new geopolitical tension arises.
It is expected that the index trade around 10700 - 10950 level if was tension is not escalated much.
Trade closed: target reached:
Gap up opening and traded above 10800 level in narrow range.