NIFTY_MID_SELECT Index closed near 12585 level and Maximum Call and Put Writing near CMP as below in April Month contract:
Call Writing
13000 Strike – 9.53 Lakh
12800 Strike – 4.41 Lakh
12700 Strike – 2.73 Lakh
Put Writing
12500 Strike – 3.77 Lakh
12600 Strike – 3.49 Lakh
12300 Strike – 3.03 Lakh
Index has immediate resistance near 12725 – 12775 range and if index crosses and sustains above this level then may reach 12950 – 13000 range.
Index has immediate support near 12425 – 12375 range and if this support is broken then index may tank near 12250 – 12200 range.
Trade closed: target reached
Open flat then made low near 12520 then bounced to high near 12695 then again tank and closed near 12620.
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.