Finnifty Intraday Analysis for 26th December 2024
Updated
CNXFINANCE Index closed near 23740 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
24000 Strike – 3.14 Lakh
23800 Strike – 2.67 Lakh
23900 Strike – 2.22 Lakh
Put Writing
23800 Strike – 2.36 Lakh
24000 Strike – 2.29 Lakh
23500 Strike – 2.28 Lakh
Index has resistance near 23900 - 23950 range and if index crosses and sustains above this level then may reach near 24150 - 24200 range.
Index has immediate support near 23550 – 23500 range and if this support is broken then index may tank near 23200 – 23150 range.
Trade closed: target reached
Gap up opening with high near 23950 then tanked to low near 23625 and closed near 23745.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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