Finnifty Intraday Analysis for 12th July 2024
CNXFINANCE Maximum Call writing near CMP is at 24000 strike with 8.08 Lakh followed by 7.56 Lakh at 24100 Strike and 7.46 Lakh at 23500 strike and Put writing of 9.56 Lakh at 23500 Strike followed by 9.53 Lakh at 23000 Strike and 6.37 Lakh at 22900 strike. Index is closed near 23600 level.
Index has resistance near 23700 - 23750 range and if index crosses and sustain above 23750 level then may reach near 24000 level. If index further crosses and sustain above 24050 then may reach near 24200 level.
Index has immediate support near 23450 – 24350 range and if this support is broken then index may tank near 23100 level.
Trade closed: target reached
Open flat but could not sustain above 23750 resistance level and closed near 23630 level.
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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