Midnifty Intraday Analysis for 26th April 2024
NIFTY_MID_SELECT
Maximum Call writing buildup of 8.66 Lakh is at 10800 strike followed by 5.91 Lakh at 10900 Strike and 5.61 Lakh at 11000 strike and Put writing of 13.62 Lakh at 10800 Strike followed by 11.47 Lakh at 10600 Strike and 6.87 Lakh at 10700 strike. Index is closed near 10880 level.
As the weak US Q1 Data and gap down opening expected and if bounced then index may face resistance near 10950 - 11000 level.
Gap down expected and Index may find support near 10800 level and next support level is near 10725 level.
Maximum Call writing buildup of 8.66 Lakh is at 10800 strike followed by 5.91 Lakh at 10900 Strike and 5.61 Lakh at 11000 strike and Put writing of 13.62 Lakh at 10800 Strike followed by 11.47 Lakh at 10600 Strike and 6.87 Lakh at 10700 strike. Index is closed near 10880 level.
As the weak US Q1 Data and gap down opening expected and if bounced then index may face resistance near 10950 - 11000 level.
Gap down expected and Index may find support near 10800 level and next support level is near 10725 level.
Trade closed: target reached:
Gap up opening instead of gap down even through index faced resistance near 10950 - 11000 as analyses earlier.