Finnifty Intraday Analysis for 01st February 2025
CNXFINANCE Index closed near 23220 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
23000 Strike – 0.42 Lakh
23200 Strike – 0.28 Lakh
23500 Strike – 0.22 Lakh
Put Writing
23000 Strike – 0.51 Lakh
23200 Strike – 0.20 Lakh
23100 Strike – 0.19 Lakh
Index has resistance near 23400 - 23450 range and if index crosses and sustains above this level then may reach near 23650 - 23700 range.
Index has immediate support near 23000 – 22950 range and if this support is broken then index may tank near 22800 – 22750 range.
Volatility expected on Budget day with a big swing on either side based on perceived market outcome.
Trade closed: target reached
High volatility seen on Budget day with high near 23385 and low near 22795 with close near 23170.
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: 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
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