NIFTY_MID_SELECT Index closed near 12595 level and Maximum Call and Put Writing near CMP as below in current monthly contract:
Call Writing
13000 Strike – 14.58 Lakh
12800 Strike – 8.97 Lakh
12600 Strike – 8.64 Lakh
Put Writing
12600 Strike – 7.93 Lakh
12500 Strike – 5.94 Lakh
12700 Strike – 4.64 Lakh
Index has immediate resistance near 12750 – 12800 range and if index crosses and sustains above this level then may reach 12950 – 13000 range.
Index has immediate support near 12450 – 12400 range and if this support is broken then index may tank near 12275 – 12225 range.
Trade closed: target reached
Gap up opening but tank to low near 12600 then bounced and made high near 12735 and closed near 12705.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Request for follow on X @rkmaurya_ra
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.