Midnifty Intraday Analysis for 23rd March 2026
NSE:NIFTY_MID_SELECT Index has immediate resistance near 12750 – 12775 range and if index crosses and sustains above this level then may reach 12900 – 12925 range. Support is expected near 12450 – 12425 range and if this support is broken then index may tank near 12250 – 12225 range. Downside momentum is intact amid fresh escalation in Israel, US - Iran conflict and any upward movement may face downward pressure until the conflict is localised or a resolution is reached which is expected soon. Volatility is expected to be increased in the last week of the March '2026 Month F&O contracts.
