NIFTY_MID_SELECT Index closed near 12020 level and Maximum Call and Put Writing near CMP as below in April Month contract:
Call Writing
12000 Strike – 4.86 Lakh
12500 Strike – 3.43 Lakh
12200 Strike – 2.85 Lakh
Put Writing
12000 Strike – 6.29 Lakh
12200 Strike – 1.89 Lakh
12300 Strike – 1.78 Lakh
Index has immediate resistance near 12175 – 12225 range and if index crosses and sustains above this level then may reach 12325 – 12375 range.
Index has immediate support near 11900 – 11850 range and if this support is broken then index may tank near 11750 – 11700 range.
Trade closed: target reached
Gap up opening with low near 12320 then made high near 12550 and closed near 12540.
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.