Midnifty Intraday Analysis for 23rd May 2024
Updated
NIFTY_MID_SELECT Maximum Call writing of 7.69 Lakh is at 11300 strike followed by 5.96 Lakh at 11400 Strike and 4.44 Lakh at 11500 strike and Put writing of 12.79 Lakh at 11300 Strike followed by 3.53 Lakh at 11100 Strike and 3.31 Lakh at 11200 strike. Index is closed near 11355 level.
Index has resistance near 11400 level and if index crosses and sustain above 11400 level then index may reach near 11500 level.
Index has support near 11300 - 11270 range and if this support is broken then index may tank to 11200 level.
Trade closed: target reached
Gap up opening then faced resistance near near 11400 level then tanked to low near 11300 support level and again bounced and closed above 11400 resistance level.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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