NIFTY_MID_SELECT Volatility is expected as per the outcome of the US Mid Term election outcome and Index has support near 13400 - 13375 range which is expected to be respected in cool down else further downside is expected. On the upside, Index has strong resistance in the 13750 - 13800 range and further upside momentum is only expected if Index breaks and sustains above this resistance.
The upward movement may lead the Index near 13725 – 13750 resistance range and if the index crosses and sustains above this level then may reach 13900 – 13925 range.
On the contrary, The downward moment may drag the index to 13400 – 13375 support range and if this support is broken then index may tank near 13225 – 13200 range.
Trade closed: target reached
Open flat with low near 13475 and made high with close near 13715.
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.