Finnifty Intraday Analysis for 18th September 2024
CNXFINANCE Index closed near 23990 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 2.58 Lakh
25000 Strike – 1.29 Lakh
24500 Strike – 1.12 Lakh
Put Writing
24000 Strike – 2.12 Lakh
23500 Strike – 0.90 Lakh
23700 Strike – 0.61 Lakh
Index has resistance near 24000 - 24100 range and if index crosses and sustains above 24100 level then may reach near 24300 - 24350 range.
Index has immediate support near 23900 – 23840 range and if this support is broken then index may tank near 23750 – 23700 range.
Index is expected to be in range bound with a slightly lower side due to the upcoming US FOMC Rate cut outcome.
Trade closed: target reached
Gap up opening and made high near 24415 level and closed near 24280 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
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.