Finnifty Intraday Analysis for 25th October 2024
CNXFINANCE Index closed near 23855 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24100 Strike – 5.23 Lakh
24000 Strike – 4.26 Lakh
23900 Strike – 4.17 Lakh
Put Writing
23700 Strike – 3.79 Lakh
23800 Strike – 3.32 Lakh
23600 Strike – 3.21 Lakh
Index has resistance near 23950 - 24050 range and if index crosses and sustains above this level then may reach near 24250 - 24300 range.
Index has immediate support near 23600 – 23500 range and if this support is broken then index may tank near 24200 – 24100 range.
Trade closed: target reached
Gap up opening with high near 23990 then tanked to low near 23550 and closed near 23780.
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: 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
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