Finnifty Intraday Analysis for 16th December 2024
CNXFINANCE Index closed near 24880 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
25000 Strike – 1.85 Lakh
24800 Strike – 1.33 Lakh
24700 Strike – 1.06 Lakh
Put Writing
24800 Strike – 1.34 Lakh
24700 Strike – 1.04 Lakh
24500 Strike – 0.97 Lakh
Index has resistance near 25000 - 25050 range and if index crosses and sustains above this level then may reach near 25200 - 25250 range.
Index has immediate support near 24700 – 24650 range and if this support is broken then index may tank near 24450 – 24400 range.
Trade closed: target reached
Open flat and made high near 24930 and low near 24755 with close near 24855.
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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