Midnifty Intraday Analysis for 25th April 2024

Apr 24

NIFTY_MID_SELECT

Maximum Call writing buildup of 9.22 Lakh is at 10800 strike followed by 8.89 Lakh at 11100 Strike and 5.35 Lakh at 10900 strike and Put writing of 8.58 Lakh at 10800 Strike followed by 5.89 Lakh at 10700 Strike. Index is closed near 10835 level.

Index may face resistance near 10880 - 10900 level and go near 10950 level if sustain above 10900.

Index support is shifted upward near 10700 - 10750 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.

Apr 25

Trade closed: target reached

Positive opening and Index faced resistance near 10880 - 10900 level as analysed.