NIFTY_MID_SELECT Index closed near 11200 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
11500 Strike – 8.69 Lakh
11300 Strike – 7.52 Lakh
11400 Strike – 6.68 Lakh
Put Writing
11000 Strike – 12.41 Lakh
11500 Strike – 6.38 Lakh
11300 Strike – 6.18 Lakh
Index has immediate resistance near 11350 – 11400 range and if index crosses and sustains above this level then may reach 11500 – 11550 range.
Index has immediate support near 11150 – 11100 range and if this support is broken then index may tank near 10950 – 10900 range.
Trade closed: target reached
Gap down opening with low near 11010 then bounced to make day high near 11165 and closed near 11165.
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.