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RKMAURYA

Finnifty Intraday Analysis for 7th 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 is at 22000 strike with 30.83 Lakh followed by 28.83 Lakh Call at 22200 Strike and 28.28 Lakh at 22300 strike. Maximum Put writing is at 26.82 Lakh at 21300 strike followed by 23.55 Lakh Put writing at 21200 strike and 20.53 Lakh at 21600 strike. Index closed near 21745 level.

Index may face resistance near 21950 – 22000 level and reach near 22100 level if cross 22025 level and sustain above it.

Index has strong support near 21625 - 21580 level and if this support is broken then index may reach near 21500 level.
Trade closed: target reached:
Gap up opening then tanked and broked 21625 level but could not break 21500 support and managed to close near 21540 level.
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