Finnifty Intraday Analysis for 4th December 2024
CNXFINANCE Index closed near 24295 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
24000 Strike – 1.00 Lakh
24500 Strike – 0.81 Lakh
24400 Strike – 0.62 Lakh
Put Writing
24000 Strike – 1.37 Lakh
24200 Strike – 0.71 Lakh
24100 Strike – 0.54 Lakh
Index has resistance near 24400 - 24450 range and if index crosses and sustains above this level then may reach near 24550 - 24600 range.
Index has immediate support near 24150 – 24050 range and if this support is broken then index may tank near 23900 – 23850 range.
Trade closed: target reached
Gap up opening with low near 24315 and bounced to high near 24615 with close near 24565.
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.