Finnifty Intraday Analysis for 12th December 2024
CNXFINANCE Index closed near 24805 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
25000 Strike – 2.58 Lakh
24800 Strike – 1.16 Lakh
24700 Strike – 1.09 Lakh
Put Writing
24800 Strike – 1.25 Lakh
24700 Strike – 1.17 Lakh
24500 Strike – 0.75 Lakh
Index has resistance near 24900 - 24950 range and if index crosses and sustains above this level then may reach near 25100 - 25150 range.
Index has immediate support near 24700 – 24650 range and if this support is broken then index may tank near 24550 – 24500 range.
Trade closed: target reached
Open flat and made high near 24860 then tanked to low near 24695 with close near 24725.
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.