Finnifty Intraday Analysis for 10th December 2024
Updated
CNXFINANCE Index closed near 24725 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
25000 Strike – 1.30 Lakh
24900 Strike – 1.00 Lakh
24800 Strike – 0.94 Lakh
Put Writing
24500 Strike – 0.95 Lakh
24700 Strike – 0.88 Lakh
24800 Strike – 0.88 Lakh
Index has resistance near 24850 - 24900 range and if index crosses and sustains above this level then may reach near 25000 - 25100 range.
Index has immediate support near 24600 – 24550 range and if this support is broken then index may tank near 24375 – 24325 range.
Trade closed: target reached
Open flat with high near 24840 and low near 24680 with close near 24805.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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