NIFTY_MID_SELECT Index is near the 13350 resistance level and if the index crosses and sustains above this resistance then upward movement will lead the Index to 13550 - 13600 range and beyond. On the downside, Index may drag to 13000 level if 13200 - 13150 range is broken. However, the Market will be cautious ahead of the USFED FOMC outcome scheduled on 28th October 2026 night.
The upward movement may lead the Index near 13375 – 13400 resistance range and if the index crosses and sustains above this level then may reach 13550 – 13575 range.
On the contrary, The downward moment may drag the index to 13075 – 13050 support range and if this support is broken then index may tank near 12900 – 12875 range.
Trade closed: target reached
Gap down opening with low near 13140 then made high near 13370 then drag to close near 13285.
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.