Finnifty Intraday Analysis for 11th December 2024
Updated
CNXFINANCE Index closed near 24805 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
25000 Strike – 2.39 Lakh
24800 Strike – 1.26 Lakh
24700 Strike – 0.90 Lakh
Put Writing
24800 Strike – 1.15 Lakh
24700 Strike – 1.07 Lakh
24500 Strike – 0.85 Lakh
Index has resistance near 24900 - 24950 range and if index crosses and sustains above this level then may reach near 25100 - 25150 range.
Index has immediate support near 24700 – 24650 range and if this support is broken then index may tank near 24550 – 24500 range.
Trade closed: target reached
Gap down opening with low near 24695 and made high near 24865 and close near 24805.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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