Midnifty Intraday Analysis for 18th April 2024
NIFTY_MID_SELECT
Maximum Call writing buildup of 9.56 Lakh is at 10800 strike followed by 5.00 Lakh at 10850 Strike and Put writing of 9.66 Lakh at 10800 Strike followed by 6.98 Lakh at 10700 Strike. Index is closed above support level of 10800.
Index may face resistance near 10850 - 10900 level and less likely expected to go beyond 10950 level due to Israel Iran War Tension.
If Index has support near 10700 level and if index fall below 10700 then it may go near 10600 level.
It is expected that the index trade around 10800 level if was tension is not escalated much. Any change will be updated if any new development arise due to Israel Iran war tension arises.
Maximum Call writing buildup of 9.56 Lakh is at 10800 strike followed by 5.00 Lakh at 10850 Strike and Put writing of 9.66 Lakh at 10800 Strike followed by 6.98 Lakh at 10700 Strike. Index is closed above support level of 10800.
Index may face resistance near 10850 - 10900 level and less likely expected to go beyond 10950 level due to Israel Iran War Tension.
If Index has support near 10700 level and if index fall below 10700 then it may go near 10600 level.
It is expected that the index trade around 10800 level if was tension is not escalated much. Any change will be updated if any new development arise due to Israel Iran war tension arises.
Trade closed: target reached:
Open high and faced resistance near 10900 level as analysed then tanked to low near 10700 level.