NIFTY_MID_SELECT Index has immediate resistance near 12725 – 12750 range and if index crosses and sustains above this level then may reach 12875 – 12900 range.
Midnifty has immediate support near 12475 – 12450 range and if this support is broken then index may tank near 12325 – 12300 range.
Market will react to the RBI MPC outcome, specially on FY 2025-26 economic outlook, inflation etc data.
Trade closed: target reached
Gap up opening and made low near 12580 then made high near 12710 and closed near 12700 on RBI MPC outcome news.
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
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.