Finnifty Intraday Analysis for 31st January 2025
CNXFINANCE Index closed near 23135 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
23000 Strike – 0.24 Lakh
24000 Strike – 0.12 Lakh
23100 Strike – 0.07 Lakh
Put Writing
23000 Strike – 0.27 Lakh
22500 Strike – 0.09 Lakh
33100 Strike – 0.03 Lakh
Index has resistance near 23250 - 23300 range and if index crosses and sustains above this level then may reach near 23475 - 23525 range.
Index has immediate support near 23000 – 22950 range and if this support is broken then index may tank near 22800 – 22750 range.
Trade closed: target reached
Open flat with low near 23030 then made high near 23270 with close near 23220.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
Disclaimer
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