NIFTY_MID_SELECT Index closed near 12560 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
12500 Strike – 2.41 Lakh
12700 Strike – 2.38 Lakh
12600 Strike – 2.34 Lakh
Put Writing
12500 Strike – 4.62 Lakh
12700 Strike – 2.69 Lakh
12600 Strike – 2.51 Lakh
Index has immediate resistance near 12650 – 12700 range and if index crosses and sustains above this level then may reach 12800 – 12850 range.
Index has immediate support near 12425 – 12375 range and if this support is broken then index may tank near 12200 – 12150 range.
Trade closed: target reached
Open flat and made high near 12660 then tank to low near 12460 with close near 12480.
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.