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RKMAURYA

Finnifty Intraday Analysis for 9th April 2024

Nifty Financial Services Index (NSE:CNXFINANCE)  
RKMAURYA Updated   
NSE:CNXFINANCE   Nifty Financial Services Index
Support and Resistance Supply and Demand Pivot Points
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supportandresistance supplyanddemand pivotpoints
CNXFINANCE

Maximum Call writing is at 21600 strike with 22.43 Lakh followed by 21.14 Lakh Call at 21800 Strike. Maximum Put writing is at 23.37 Lakh at 21400 strike followed by 23.11 Put writing at 21600 Strike. The support level is shifting above to 21600 - 21600 range.

As the Maximum Call and Put writing is at 21600 strike and nothing change then index should close near 21600 level on expiry day. However, expected trading range may be 21500 - 21800.

If index crossed above 21650 level and unwinding of Call positions at 21600 and 21700 strike taking place then index may reach near 21800 level. If unwinding do not take place, then index may return near 21600 level.

If Index fall to near 21550 level and Unwinding of Put option taking place at 21600 and 21500 strike then index may touch 21400 level. If unwinding do not take place, then index may return near 21600 level.
Trade closed: target reached:
Made high near 21750 then tanked to low near 21635 due to profit booking but closed above support near 21670 level.
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