NIFTY_MID_SELECT Index has immediate resistance near 13250 – 13275 range and if index crosses and sustains above this level then may reach 13400 – 13425 range.
Midnifty has immediate support near 13050 – 13025 range and if this support is broken then index may tank near 12925 – 12900 range.
The global market will react to the outcome of the US FOMC meeting scheduled tonight. Rate cut and / or positive commentary will propel the market along with the bullion market and no rate cut and / or cautious commentary will drag the market.
Trade closed: target reached
Gap up opening then tank to low near 13140 then bounced again with high near 13250 and closed near 13235.
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.