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RKMAURYA

Finnifty Intraday Analysis for 16th May 2024

Nifty Financial Services Index (NSE:CNXFINANCE)  
RKMAURYA Updated   
NSE:CNXFINANCE   Nifty Financial Services Index
Support and Resistance Supply and Demand Trend Lines
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supportandresistance supplyanddemand trendline
CNXFINANCE

Maximum Call writing near CMP is at 21500 strike with 6.47 Lakh followed by 6.46 Lakh Call at 21300 Strike and 5.74 Lakh at 21200 strike. Maximum Put writing is at 6.61 Lakh at 21200 strike followed by 4.56 Lakh Put writing at 20600 strike and 3.55 Lakh at 20800 strike. Index closed near 21185 level.

Index may reach near 21290 - 21340 level and if crosses and sustain above 21500 level.

Index has support near 21075 - 20975 level and if this support is broken then index may reach near 20825 - 20800 level.
Trade closed: target reached:
Traded in wide range between 21350 - 20990 level and broke 21350 resistance in the end with close above 21400 level.
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