Finnifty Intraday Analysis for 18th April 2024
CNXFINANCE Maximum Call writing is at 21000 strike with 2.12 Lakh followed by 1.49 Lakh Call at 21500 Strike. Maximum Put writing is at 3.44 Lakh at 21000 strike followed by 1.53 Lakh Put writing to nearer strike at 21000. The support level is shifting down to 21000 - 20800.
Index may face resistance near 21330 - 21400 level and less likely to cross 21800 level due to Israel Iran tension.
If Index has support near 21000 - 20950 level. If 21000 - 20950 support is broken then index may tank to 20825 - 20775 level. Any change will be updated if any new development arise due to Israel Iran war tension arises.
Trade closed: target reached
Open high and faced resistance near 21225 then tanked to low near 20865 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.