FinNifty intraday levels for weekly expiry 12/03/24.

NSE:CNXFINANCE   Nifty Financial Services Index
FinNifty has closed 140 points lower after a consolidation on the higher levels.

Tomorrow is weekly expiry of the index and there are chance of markets holding the higher levels.

It has taken a good support from the support zone around 20830 and closed near the zone.

Major support levels :- 20800, 20720

Market on the higher time frame is in a bullish trend and there are chance of market reverting after retesting the lower levels

If there is a gap down opening in the market below 20800, there is chance of test the lower support zone and recovering in the second half.

In case of a flat to gap up opening, price action will be crucial and confluence with the other indices should be taken for confirmation.

Resistanc levels :- 20940, 21030

Wait for the price action near the levels before entering the market.


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