Finnifty Intraday Analysis for 14th January 2025
Updated
CNXFINANCE Index closed near 22400 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
23000 Strike – 0.90 Lakh
22500 Strike – 0.82 Lakh
22900 Strike – 0.23 Lakh
Put Writing
22000 Strike – 1.61 Lakh
22500 Strike – 1.01 Lakh
22200 Strike – 0.39 Lakh
Index has resistance near 22550 - 22600 range and if index crosses and sustains above this level then may reach near 22750 - 22800 range.
Index has immediate support near 22200 – 22150 range and if this support is broken then index may tank near 22050 – 22000 range.
Trade closed: target reached
Gap up opening with low near 22505 and then made high near 22810 and close near 22720.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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