Finnifty Intraday Analysis for 18th December 2024
CNXFINANCE Index closed near 24500 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
25000 Strike – 4.34 Lakh
24800 Strike – 1.94 Lakh
24900 Strike – 1.52 Lakh
Put Writing
24800 Strike – 1.48 Lakh
24500 Strike – 1.19 Lakh
24700 Strike – 1.08 Lakh
Index has resistance near 24700 - 24750 range and if index crosses and sustains above this level then may reach near 24950 - 25000 range.
Index has immediate support near 24350 – 24300 range and if this support is broken then index may tank near 24150 – 24100 range.
Trade closed: target reached
Open flat with high near 24515 then tanked to low near 24140 with close near 24200.
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.