Finnifty Intraday Analysis for 22nd May 2024
CNXFINANCE Maximum Call writing near CMP is at 22000 strike with 3.39 Lakh followed by 1.99 Lakh Call at 21500 Strike and 0.95 Lakh at 21700 strike. Maximum Put writing is at 1.99 Lakh at 21000 strike followed by 1.94 Lakh Put writing at 20900 strike and 1.07 Lakh at 21400 strike. Index closed near 21440 level.
Index is facing resistance near 21500 - 21530 level and if crosses and sustain above 21700 level and if sustain above 21750 then reach near 22000 level.
Index has support near 21325 - 21290 level and if this support is broken then index may reach near 21225 level.
Trade closed: target reached
Open flat then broked 21290 support level and made low near 11200 level and bounced above 21225 level and closed above 21325 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.