NIFTY_MID_SELECT Index closed near 12990 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
13000 Strike – 3.66 Lakh
13500 Strike – 1.71 Lakh
13200 Strike – 1.14 Lakh
Put Writing
13000 Strike – 4.55 Lakh
12800 Strike – 2.99 Lakh
12700 Strike – 1.20 Lakh
Index has immediate resistance near 13050 – 13100 range and if index crosses and sustains above this level then may reach 13200 – 13250 range.
Index has immediate support near 12800 – 12750 range and if this support is broken then index may tank near 12650 – 12600 range.
Trade closed: target reached
Gap down opening and made low to 12725 then bounced to high near 12970 with close near 12905.
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.