Finnifty Intraday Analysis for 19th April 2024
CNXFINANCE Maximum Call writing is at 21400 strike with 8.06 Lakh followed by 7.38 Lakh Call at 21200 Strike. Maximum Put writing is at 10.66 Lakh at 20500 strike followed by 4.74 Lakh Put writing to nearer strike at 20600. The support level is shifting down to 20500 - 20600.
Index may face resistance near 21200 - 21330 level and less likely to cross 21350 level due to Israel Iran tension.
Index has support near 20800 level and if this support is broken then index may tank 20650 level and this 20650 support is broken then further tanked to 20525 level.
Trade closed: target reached
Gap down opening but could not break 20650 support level about bounced back near 21200 resistance 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.