Finnifty Intraday Analysis for 17th January 2025
CNXFINANCE Index closed near 22945 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
23000 Strike – 1.40 Lakh
23500 Strike – 1.26 Lakh
23600 Strike – 0.67 Lakh
Put Writing
22500 Strike – 1.17 Lakh
23000 Strike – 0.75 Lakh
23700 Strike – 0.51 Lakh
Index has resistance near 23100 - 23150 range and if index crosses and sustains above this level then may reach near 23300 - 23550 range.
Index has immediate support near 22800 – 22750 range and if this support is broken then index may tank near 22600 – 22550 range.
Trade closed: target reached
Gap down opening with high near 22840 and further tanked to low near 22520 with close near 22610.
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.