Midnifty Intraday Analysis for 10th June 2024
Updated
NIFTY_MID_SELECT Maximum Call writing near CMP is at 12000 strike with 25.23 Lakh followed by 20.63 Lakh at 11800 Strike and 15.37 Lakh at 12100 strike and Put writing of 21.15 Lakh at 11500 Strike followed by 16.46 Lakh at 11300 Strike and 12.54 Lakh at 11600 strike. Index is closed near 11755 level.
Index has resistance near 11800 - 11825 range and if index crosses and sustain above 10850 level then may reach near 11200 range and if crosses this level then may reach near 12100 level.
Index has immediate support near 10525 - 11500 range and if this support is broken then index may tank near 11300 level.
Trade closed: target reached
Gap up opening but could not sustain above 11825 resistance level and made low near 11580 level.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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