NIFTY_MID_SELECT Index closed near 11720 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
12000 Strike – 11.96 Lakh
11900 Strike – 6.48 Lakh
11800 Strike – 5.08 Lakh
Put Writing
11500 Strike – 9.06 Lakh
11800 Strike – 6.53 Lakh
11400 Strike – 6.17 Lakh
Index has immediate resistance near 11900 – 11950 range and if index crosses and sustains above this level then may reach 12050 – 12100 range.
Index has immediate support near 11650 – 11600 range and if this support is broken then index may tank near 11350– 11300 range.
Trade closed: target reached
Open flat with high near 11790 then tank to low near 11560 and bounced again with close near 11650.
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.