NIFTY_MID_SELECT Resistance is shifting from 15000 to 14800 level indicating downward moment in near terms and range bound moment between 14800 - 14500 expected.
The upward movement may lead the Index near 14825 – 14850 resistance range and if the index crosses and sustains above this level then may reach 15000 – 15025 range.
On the contrary, The downward moment may drag the index to 14525 – 14500 support range and if this support is broken then index may tank near 14350 – 14325 range.
Trade closed: target reached
Gap down opening with low near 14560 then recovered to high near 14650 with close near 14605.
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.