Finnifty Intraday Analysis for 2nd December 2024
CNXFINANCE Index closed near 24010 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
24000 Strike – 1.54 Lakh
24500 Strike – 0.82 Lakh
24200 Strike – 0.79 Lakh
Put Writing
24000 Strike – 1.46 Lakh
24200 Strike – 0.64 Lakh
24100 Strike – 0.61 Lakh
Expected to gap down opening due to fresh threat from Trump to BRICS nations and below the expected Q2 in FY 2024-25 number. However, it may recover due to expected good GST Collection data for the November 2024 month.
Index has immediate support near 23850 – 23800 range and if this support is broken then index may tank near 23675 – 23625 range.
Index has resistance near 24200 - 24250 range and if index crosses and sustains above this level then may reach near 24400 - 24500 range.
Trade closed: target reached
Open flat and made low near 23855 and made high near 241100 with close near 24075.
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.