Midnifty Intraday Analysis for 2nd July 2024
Updated
NIFTY_MID_SELECT Maximum Call writing near CMP is at 12300 strike with 3.66 Lakh followed by 3.44 Lakh at 12800 Strike and 2.67 Lakh at 12700 strike and Put writing of 3.94 Lakh at 12000 Strike followed by 2.86 Lakh at 12300 Strike and 2.83 Lakh at 12200 strike. Index is closed near 12200 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
Open flat and faced resistance near 12300 level and tanked to low near 12150 support level and managed to close above 12200 level.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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