NIFTY_MID_SELECT Index closed near 11975 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
12000 Strike – 5.10 Lakh
12200 Strike – 2.49 Lakh
11800 Strike – 2.18 Lakh
Put Writing
11800 Strike – 3.44 Lakh
12000 Strike – 3.18 Lakh
12100 Strike – 1.82 Lakh
Index has immediate resistance near 12150 – 12220 range and if index crosses and sustains above this level then may reach 12350 – 12400 range.
Index has immediate support near 11850 – 11800 range and if this support is broken then index may tank near 11700– 11650 range.
Trade closed: target reached
Open flat and swing both side with low 11900 and high 12105 with close near 12010 on RBI Repo Rate cut.
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.