NIFTY_MID_SELECT Index closed near 10835 level and Maximum Call and Put Writing near CMP as below in March Month contract:
Call Writing
11000 Strike – 7.01 Lakh
10900 Strike – 6.19 Lakh
11500 Strike – 3.63 Lakh
Put Writing
10900 Strike – 5.66 Lakh
10500 Strike – 4.96 Lakh
10800 Strike – 4.59 Lakh
Index has immediate resistance near 10950 – 11000 range and if index crosses and sustains above this level then may reach 11150 – 11200 range.
Index has immediate support near 10700 – 10650 range and if this support is broken then index may tank near 10550 – 10500 range.
Volatility expected due to imposition of import tariff by the US on Canada, Mexico and China.
Trade closed: target reached
Open flat with low near 10850 then made high near 11180 and close near 11170.
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.