NIFTY_MID_SELECT Index closed near 12090 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
12200 Strike – 7.12 Lakh
12100 Strike – 5.06 Lakh
12000 Strike – 5.02 Lakh
Put Writing
12000 Strike – 6.91 Lakh
12100 Strike – 5.38 Lakh
12200 Strike – 4.94 Lakh
Index has immediate resistance near 12250 – 12300 range and if index crosses and sustains above this level then may reach 12450 – 12500 range.
Index has immediate support near 12000 – 11950 range and if this support is broken then index may tank near 11800– 11750 range.
Trade closed: target reached
Gap down opening with high 11960 and further tanked to low near 11695 and closed near 11720.
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.