Finnifty Intraday Analysis for 27th August 2024
CNXFINANCE Index closed near 23385 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23400 Strike – 19.68 Lakh
23600 Strike – 18.63 Lakh
23500 Strike – 18.59 Lakh
Put Writing
23000 Strike – 22.01 Lakh
23200 Strike – 21.30 Lakh
23400 Strike – 15.64 Lakh
Index has resistance near 23425 - 23450 range and if index crosses and sustain above 23450 level then may reach near 23500 - 23600 range.
Index has immediate support near 23275 – 23250 range and if this support is broken then index may tank near 23050 – 23000 range.
Trade closed: target reached
Open flat and made low near 23280 and bounced to high near 23605 level.
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: 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
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