Nifty MidCap Select Index
Short
Updated

Midnifty Intraday Analysis for 04th August 2025

30
NIFTY_MID_SELECT

Index has immediate resistance near 12775– 12800 range and if index crosses and sustains above this level then may reach 12925– 12950 range.

Midnifty has immediate support near 12525 – 12500 range and if this support is broken then index may tank near 12400 – 12375 range.

Volatility expected due to implementation of escalated tariff and any further development to the tariff war.
Trade closed: target reached
Open flat and made low near 12615 then bounced and made high near 12870 with close near 12860.

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