Finnifty Intraday Analysis for 8th January 2025
CNXFINANCE Index closed near 23430 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
24000 Strike – 1.07 Lakh
23800 Strike – 0.45 Lakh
23500 Strike – 0.44 Lakh
Put Writing
24000 Strike – 1.16 Lakh
23500 Strike – 0.88 Lakh
23800 Strike – 0.61 Lakh
Index has resistance near 23500 - 23550 range and if index crosses and sustains above this level then may reach near 23700 - 23750 range.
Index has immediate support near 23250 – 23200 range and if this support is broken then index may tank near 23100 – 23050 range.
Trade closed: target reached
Open flat with high near 23445 then tank to low to 23050 and close near 23235 on recovery.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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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.
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
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.