Finnifty Intraday Analysis for 18th July 2024
CNXFINANCE Index closed near 23650 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23700 Strike – 1.10 Lakh
24000 Strike – 0.58 Lakh
23800 Strike – 0.53 Lakh
Put Writing
23700 Strike – 1.01 Lakh
23400 Strike – 0.60 Lakh
23300 Strike – 0.45 Lakh
Index has resistance near 23750 - 23800 range and if index crosses and sustain above 23800 level then may reach near 24000 level. If index further crosses and sustain above 24050 then may reach near 24200 level.
Index has immediate support near 23450 – 24400 range and if this support is broken then index may tank near 23100 level.
Trade closed: target reached
Gap down opening and bounced from 23525 level and managed to close near 23750 resistance level.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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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.
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.