NIFTY_MID_SELECT Index has immediate resistance near 13250 – 13275 range and if index crosses and sustains above this level then may reach 13400 – 13425 range.
Midnifty has immediate support near 13050 – 13025 range and if this support is broken then index may tank near 12925 – 12900 range.
The global market will react to the outcome of the US FOMC meeting scheduled tonight. Rate cut and / or positive commentary will propel the market along with the bullion market and no rate cut and / or cautious commentary will drag the market.
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Gap up opening then tank to low near 13140 then bounced again with high near 13250 and closed near 13235.
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
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