Finnifty Intraday Analysis for 31st December 2024
Updated
CNXFINANCE Index closed near 23565 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
24000 Strike – 20.35 Lakh
23800 Strike – 13.23 Lakh
23900 Strike – 9.73 Lakh
Put Writing
23400 Strike – 8.77 Lakh
23200 Strike – 8.19 Lakh
23300 Strike – 7.45 Lakh
Index has resistance near 23750 - 23800 range and if index crosses and sustains above this level then may reach near 23950 - 24000 range.
Index has immediate support near 23500 – 23450 range and if this support is broken then index may tank near 23300 – 23250 range.
Order cancelled
Gap down opening with low to 23440 then bounced to high near 23565 with close near 23515.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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