Finnifty Intraday Analysis for 18th February 2025
CNXFINANCE Index closed near 23270 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
23500 Strike – 1.04 Lakh
23000 Strike – 0.61 Lakh
23200 Strike – 0.61 Lakh
Put Writing
23500 Strike – 0.85 Lakh
23000 Strike – 0.80 Lakh
23100 Strike – 0.55 Lakh
Inverse Head & Shoulder pattern is being formed on the Index on 15 Minute chart which is signalling upside momentum.
Index has resistance near 23475 - 23525 range and if index crosses and sustains above this level then may reach near 23675 - 23725 range.
Index has immediate support near 23025 – 22975 range and if this support is broken then index may tank near 22850 – 22800 range.
Trade closed: target reached
Open flat with high near 23310 then tanked to low near 23095 and again bounced to close near 23280.
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.