Finnifty Intraday Analysis for 31st May 2024
CNXFINANCE Maximum Call writing near CMP is at 22000 strike with 2.48 Lakh followed by 2.44 Lakh Call at 21700 Strike and 2.02 Lakh at 21600 strike. Maximum Put writing is at 2.27 Lakh at 21000 strike followed by 1.74 Lakh Put writing at 21600 strike and 1.38 Lakh at 21500 strike. Index closed near 21600 level.
Index has resistance near 21800 - 21830 level and if crosses and sustain above 21850 level then Index may reach near 21950 - 22000 level.
Index has support near 21490 level and if this support is broken then index may reach near 21335 - 21250 level. Next support level is 21000.
Trade closed: target reached
Gap up opening but could not cross 21800 level and tanked to low 21570 level and bounced to close above 21700 level.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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Disclaimer
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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
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.