Finnifty Intraday Analysis for 29th July 2024
CNXFINANCE Index closed near 23315 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23800 Strike – 9.79 Lakh
23500 Strike – 8.92 Lakh
23600 Strike – 8.31 Lakh
Put Writing
23000 Strike – 10.96 Lakh
22800 Strike – 6.15 Lakh
22900 Strike – 5.64 Lakh
Index has resistance near 23400 - 23500 range and if index crosses and sustain above 23500 level then may reach near 23400 level. If index further crosses and sustain above 23500 then may reach near 23700 – 23800 range.
Index has immediate support near 23100 – 23000 range and if this support is broken then index may tank near 22950 – 22850 range.
Trade closed: target reached
Gap up opening and made high near 23670 then tanked to low near 23220 with close near 23305.
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
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.