NIFTY_MID_SELECT Index closed near 12010 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
12500 Strike – 7.90 Lakh
12000 Strike – 5.55 Lakh
12200 Strike – 1.73 Lakh
Put Writing
12000 Strike – 3.77 Lakh
11800 Strike – 3.60 Lakh
11900 Strike – 1.20 Lakh
Index has immediate resistance near 12150 – 12200 range and if index crosses and sustains above this level then may reach 12350 – 12400 range.
Index has immediate support near 11850 – 11800 range and if this support is broken then index may tank near 11650– 11600 range.
Trade closed: target reached
Gap up opening with low near 12060 and made high near 12195 and profit book dragged to close near 12095.
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.