Finnifty Intraday Analysis for 07th November 2024
CNXFINANCE Index closed near 24180 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24200 Strike – 3.76 Lakh
24500 Strike – 2.90 Lakh
24400 Strike – 2.78 Lakh
Put Writing
24200 Strike – 3.41 Lakh
24000 Strike – 2.56 Lakh
23800 Strike –2.06 Lakh
Index has resistance near 24375 - 22425 range and if index crosses and sustains above this level then may reach near 24650 - 24700 range.
Index has immediate support near 23900 – 23800 range and if this support is broken then index may tank near 23600 – 23500 range.
Trade closed: target reached
Open flat with high near 24195 then tanked to low near 23870 with close near 23955.
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.
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.