NIFTY_MID_SELECTIndex closed near 12010 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
12500 Strike – 5.49 Lakh
12000 Strike – 4.41 Lakh
12200 Strike – 2.31 Lakh
Put Writing
11500 Strike – 5.63 Lakh
11800 Strike – 3.68 Lakh
12000 Strike – 3.34 Lakh
Index has immediate resistance near 12175 – 12225 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 11700– 11650 range.
Trade closed: target reached
Gap up opening with high near 12055 then tank to low near 11755 and close near 11790.
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.