FinNifty monthly expiry analysis for 30/01/24.

NSE:CNXFINANCE   Nifty Financial Services Index
After the first hour move FinNifty has consolidated and remained in a narrow range.

Tomorrow is it monthly expiry and chance are there will be a trending move as it has consolidated today.

Major Bullish targets :- 20720, 20925

It has closed around 61.8% level which around the closing of the index.

If there is a flat opening and a break out, fresh position either side can be initiated.

In case of a gap up there will be another bullish day for it, else there will be a halt candle.

Support levels :- 20230, 19950-20010

Wait for market to form a price action and trade accordingly.


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