NIFTY_MID_SELECT Index has immediate resistance near 12775 – 12800 range and if index crosses and sustains above this level then may reach 12925 – 12950 range.
Midnifty has immediate support near 12575 – 12550 range and if this support is broken then index may tank near 12450 – 12425 range.
Volatility expected due to expiry of the August’25 Monthly F&O Contracts and impact of imposition of additional 25% tariff or any new development on the matter.
Trade closed: target reached
Open flat with high near 12690 then tank to low near 12520 and closed near 12535.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
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.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
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.