NIFTY_MID_SELECT Index has immediate resistance near 13075 – 13100 range and if index crosses and sustains above this level then may reach 13225 – 13250 range.
Midnifty has immediate support near 12825 – 12800 range and if this support is broken then index may tank near 12675 – 12650 range.
Profit booking expected before implementation date (27th August 2025, Market closed) of additional 25% tariff if no positive news surfaces.
Trade closed: target reached
Gap down opening with high near 12915 and further tank to low near 12655 and closed near 12670 due to confirmation of imposition of additional 25% import duty by US on imports from India.
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.