NIFTY_MID_SELECT Index closed near 12175 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
12200 Strike – 5.81 Lakh
12300 Strike – 5.59 Lakh
12400 Strike – 4.58 Lakh
Put Writing
12000 Strike – 5.97 Lakh
12200 Strike – 4.53 Lakh
12100 Strike – 3.92 Lakh
Index has immediate resistance near 12350 – 12400 range and if index crosses and sustains above this level then may reach 12550 – 12600 range.
Index has immediate support near 11050 – 12000 range and if this support is broken then index may tank near 11850– 11800 range.
Trade closed: target reached
Open flat then tanked to low near 12030 then bounced with high near 12250 then again tanked to low near 12090.
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.
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.