Finnifty Intraday Analysis for 8th May 2024
CNXFINANCE Maximum Call writing is at 21800 strike with 5.51 Lakh followed by 2.06 Lakh Call at 21600 Strike and 1.94 Lakh at 22000 strike. Maximum Put writing is at 2.00 Lakh at 21800 strike followed by 1.58 Lakh Put writing at 21500 strike and 1.40 Lakh at 21600 strike. Index closed near 21545 level.
Index has strong support near 21350 - 21325 level and if this support is broken then index may reach near 21225 level.
Index may face resistance near 21800 - 21825 level and less likely to go beyond 21825 level.
Order cancelled
Gap down opening and traded in range. No trade initiated.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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Request for follow on X @rkmaurya_ra
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
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