NIFTY_MID_SELECT Index is above the 13000 support level and this support range is expected to be respected if there is any downward movement. On the upside, Index has resistance in the 13450 - 13500 range and if Index breaks and sustains this resistance range then further upside moment is expected.
The upward movement may lead the Index near 13350 – 13375 resistance range and if the index crosses and sustains above this level then may reach 13525 – 13550 range.
On the contrary, The downward moment may drag the index to 13025 – 13000 support range and if this support is broken then index may tank near 12850 – 12825 range.
Trade closed: target reached
Gap up opening with low near 13230 and made high near 13400 with close near 13365.
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.