NIFTY_MID_SELECT Index closed near 12460 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
12400 Strike – 13.35 Lakh
12500 Strike – 12.23 Lakh
12600 Strike – 6.81 Lakh
Put Writing
12400 Strike – 15.48 Lakh
12200 Strike – 10.32 Lakh
12300 Strike – 7.18 Lakh
Index has resistance near 12500 – 12600 range and if index crosses and sustain above 12600 level then may reach near 12700 – 12750 range.
Index has immediate support near 12300 level and if this support is broken then index may tank near 12100 – 12000 range.
Trade closed: target reached
Gap down opening and sustain 12300 support level then bounced and closed near 12425.
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.