NIFTY_MID_SELECT Index closed near 11545 level and Maximum Call and Put Writing near CMP as below in April Month contract:
Call Writing
12000 Strike – 4.38 Lakh
11500 Strike – 2.99 Lakh
11900 Strike – 2.63 Lakh
Put Writing
11500 Strike – 3.38 Lakh
11600 Strike – 1.53 Lakh
11700 Strike – 0.92 Lakh
Gap down expected due to ongoing tariff war. Index has immediate support near 11425 – 11375 range and if this support is broken then index may tank near 11275 – 11225 range.
If market recovers, Index has immediate resistance near 11650 – 11700 range and if index crosses and sustains above this level then may reach 11825 – 11875 range.
Trade closed: target reached
Open flat and made high near 11630 then tank to low near 11370 and closed near 11385.
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.