Finnifty Intraday Analysis for 14th February 2025
CNXFINANCE Index closed near 23270 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
23500 Strike – 1.20 Lakh
23000 Strike – 0.57 Lakh
23400 Strike – 0.54 Lakh
Put Writing
23500 Strike – 1.13 Lakh
23000 Strike – 0.64 Lakh
23400 Strike – 0.43 Lakh
Index has resistance near 23350 - 23400 range and if index crosses and sustains above this level then may reach near 23550 - 23600 range.
Index has immediate support near 23100 – 23050 range and if this support is broken then index may tank near 22900 – 22850 range.
Big move expected on either side with upside biases as per outcome of PM Modi and President Trump meeting and trade deals tonight followed by a press conference.
Trade closed: target reached
Open flat with high near 23370 then tank to low near 23000 and closed near 23185.
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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