Finnifty Intraday Analysis for 5th December 2024
Updated
CNXFINANCE Index closed near 24565 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
25000 Strike – 1.42 Lakh
24500 Strike – 0.77 Lakh
24700 Strike – 0.58 Lakh
Put Writing
24000 Strike – 1.40 Lakh
24200 Strike – 0.80 Lakh
24500 Strike – 072 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 24400 – 24350 range and if this support is broken then index may tank near 24200 – 24150 range.
Trade closed: target reached
Gap up opening then tank to low near 24335 then bounced with high near 24875 and closed near 24730.
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.