Finnifty Intraday Analysis for 20th December 2024
CNXFINANCE Index closed near 23905 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
24500 Strike – 2.07 Lakh
24600 Strike – 1.88 Lakh
24000 Strike – 1.80 Lakh
Put Writing
23500 Strike – 1.59 Lakh
24000 Strike – 1.48 Lakh
23800 Strike – 0.94 Lakh
Index has resistance near 24150 - 24200 range and if index crosses and sustains above this level then may reach near 24350 - 24400 range.
Index has immediate support near 23750 – 23700 range and if this support is broken then index may tank near 23550 – 23500 range.
Trade closed: target reached
Gap down opening and made high near 23960 then tanked to low near 23525 and close near 23590.
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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