CNXFINANCE Index closed near 25980 level and Maximum Call and Put Writing near CMP as below in April Month contract:
Call Writing
26000 Strike – 0.74 Lakh
26000 Strike – 0.74 Lakh
26200 Strike – 0.65 Lakh
Put Writing
26000 Strike – 1.30 Lakh
25500 Strike – 0.57 Lakh
26200 Strike – 0.52 Lakh
Index has resistance near 26200 - 26250 range and if index crosses and sustains above this level then may reach near 26500 - 26550 range.
Index has immediate support near 25800 – 25750 range and if this support is broken then index may tank near 25550 – 25500 range.
Trade closed: target reached
Gap down opening with high near 25810 then further tank to low near 25455 and closed near 25500.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Request for follow on X @rkmaurya_ra
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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.