NIFTY_MID_SELECT Index closed near 11500 level and Maximum Call and Put Writing near CMP as below in March Month contract:
Call Writing
11700 Strike – 12.50 Lakh
11600 Strike – 11.81 Lakh
11800 Strike – 10.99 Lakh
Put Writing
11300 Strike – 11.20 Lakh
11400 Strike – 9.11 Lakh
11500 Strike – 7.53 Lakh
Index has immediate resistance near 11650 – 11700 range and if index crosses and sustains above this level then may reach 11825 – 11875 range.
Index has immediate support near 11375 – 11325 range and if this support is broken then index may tank near 11175 – 11125 range.
High Volatility expected on the March’25 series F&O expiry day.
Trade closed: target reached
Gap down opening with low near 11415 then bounced and made high near 11530 and closed near 11515.
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.