Finnifty Intraday Analysis for 7th August 2024
CNXFINANCE Index closed near 22520 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23000 Strike – 2.36 Lakh
22800 Strike – 1.13 Lakh
22500 Strike – 1.11 Lakh
Put Writing
22600 Strike – 1.22 Lakh
23000 Strike – 1.16 Lakh
22500 Strike – 1.00 Lakh
Index has immediate support near 22400 level and if this support is broken then index may tank near 22100 – 22000 range.
Index has resistance near 23000 - 23100 range and if index crosses and sustain above 23100 level then may reach near 23250 - 23350 range.
Trade closed: target reached
Gap up opening and closed near 22845 level.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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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.
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.