NIFTY_MID_SELECT Index has immediate resistance near 13275 – 13300 range and if index crosses and sustains above this level then may reach 13425– 13450 range.
Midnifty has immediate support near 13025 – 13000 range and if this support is broken then index may tank near 12875 – 12850 range.
A gap-down opening is expected following the imposition of an additional 100% tariff by the US on Chinese imports effective November 1st. However, buying interest may emerge at lower levels as signals indicate possible finalisation of the India-US trade deal in the coming weeks.
Trade closed: target reached
Gap down opening with low near 13060 and then bounced to make high near 13205 with close near 13185.
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.