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RKMAURYA

Finnifty Intraday Analysis for 21st May 2024

Nifty Financial Services Index (NSE:CNXFINANCE)  
RKMAURYA Updated   
NSE:CNXFINANCE   Nifty Financial Services Index
Support and Resistance Supply and Demand Trend Lines
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supportandresistance supplyanddemand trendline
CNXFINANCE

Maximum Call writing near CMP is at 21500 strike with 24.95 Lakh followed by 17.26 Lakh Call at 21700 Strike and 15.43 Lakh at 21600 strike. Maximum Put writing is at 19.39 Lakh at 21300 strike followed by 19.11 Lakh Put writing at 21500 strike and 16.37 Lakh at 21200 strike. Index closed near 21500 level.

Index has resistance near 21500 - 21550 range and if crosses and sustain above 21550 level then index may reach near 21700 level.

Index has support near 21400 - 21325 range and if this support is broken then index may reach near 22225 level.
Trade closed: target reached:
Gap down opening with low near 21375 level then bounced but could not cross 21500 resistance level with close near 21420 level.
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