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.
Midnifty has immediate support near 12475 – 12450 range and if this support is broken then index may tank near 12325 – 12300 range.
The market may move in the direction where unwinding of OI takes place on the Monthly F&O expiry day. Volatility expected.
Trade closed: target reached
Gap up opening with high near 126670 and tank to low near 12520 with close near 12600.
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
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
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.