Finnifty Intraday Analysis for 3rd April 2024
Updated
CNXFINANCE Maximum combined Call and Put writing is at 21200 strike with 2.80 Lakh Call and 2.44 Lakh Put. Second Highest Call writing of 2.54 Lakh at 21500 Strike and Put writing of 1.07 Lakh at 21000 Strike.
Index is expected to trade in the range between 21070 - 21330 range. Contra trade may be initiated when index mode in either support or resistance zone.
Big move expected if index more above 21340 and Call unwinding takes place at 21200 strike then index may touch 21500 level. Index has support near 21050 level. Long position may be initiated if Index touch near support.
Trade closed: target reached
Index tank to near support of 21070 level then bounced to high near 21260 level despite the news of Earthquake in Taiwan and Good US Economic Data.
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.