NIFTY_MID_SELECT Index closed near 12220 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
12500 Strike – 5.76 Lakh
12300 Strike – 3.15 Lakh
12200 Strike – 2.38 Lakh
Put Writing
12000 Strike – 6.98 Lakh
12100 Strike – 3.14 Lakh
11200 Strike – 2.21 Lakh
Index has immediate resistance near 12325 – 12375 range and if index crosses and sustains above this level then may reach 12500 – 12550 range.
Index has immediate support near 12100 – 12050 range and if this support is broken then index may tank near 11900 – 11850 range.
Trade closed: target reached
Open flat and traded in range 12150 to 12290 and closed near 12260.
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.