Midnifty Intraday Analysis for 08th April 2025

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NIFTY_MID_SELECT

Index closed near 10770 level and Maximum Call and Put Writing near CMP as below in April Month contract:

Call Writing
11000 Strike – 2.96 Lakh
11200 Strike – 2.10 Lakh
10700 Strike – 1.36 Lakh

Put Writing
10500 Strike – 4.73 Lakh
10600 Strike – 2.20 Lakh
10800 Strike – 1.62 Lakh

High volatility expected due to new developments on tariff wars.

Index has immediate support near 10575 – 10525 range and if this support is broken then index may tank near 10375 – 10325 range.
If the market recovers, Index has immediate resistance near 11075 – 11125 range and if index crosses and sustains above this level then may reach 11275 – 11325 range.
Trade chiuso: obiettivo raggiunto
Gap up opening with high near 11145 then dragged to low near 10905 and again bounced to close near 11040.

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