Finnifty Intraday Analysis for 22nd July 2024
CNXFINANCE Index closed near 23595 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 7.82 Lakh
24600 Strike – 6.23 Lakh
24000 Strike – 5.93 Lakh
Put Writing
23600 Strike – 6.51 Lakh
22600 Strike – 4.36 Lakh
23000 Strike – 3.34 Lakh
Index has resistance near 23800 - 23850 range and if index crosses and sustain above 23850 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 23400 – 23350 range and if this support is broken then index may tank near 23100 level.
However, due to Budget on 23rd July 2024, Index likely to be in range.
Trade closed: target reached
Open flat with low near 23450 level and bounced with high near 23720 level with close near 23650.
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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