Finnifty Intraday Analysis for 12th September 2024
CNXFINANCE Index closed near 23580 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23700 Strike – 8.23 Lakh
23600 Strike – 4.30 Lakh
24000 Strike –3.83 Lakh
Put Writing
23700 Strike – 3.53 Lakh
23600 Strike – 3.34 Lakh
23000 Strike – 2.41 Lakh
Index has resistance near 23750 - 23850 range and if index crosses and sustains above 23850 level then may reach near 24000 - 24100 range.
Index has immediate support near 23500 – 23450 range and if this support is broken then index may tank near 23350 – 23300 range.
Trade closed: target reached
Gap up opening then made low near 23680 then bounced and made high near 23990.
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.