Finnifty Intraday Analysis for 03rd March 2025
CNXFINANCE Index closed near 23030 level and Maximum Call and Put Writing near CMP as below in March Month contract:
Call Writing
23000 Strike – 0.62 Lakh
23200 Strike – 0.47 Lakh
23500 Strike – 0.25 Lakh
Put Writing
23000 Strike – 0.78 Lakh
23200 Strike – 0.36 Lakh
23100 Strike – 0.30 Lakh
Index has resistance near 23125 - 23150 range and if index crosses and sustains above this level then may reach near 23250 - 23300 range.
Index has immediate support near 22850 – 22800 range and if this support is broken then index may tank near 22700 – 22650 range.
Volatility expected due to non resolution of Russia Ukraine war and imposition of import tariff by US on Canada Mexico and China with effect from 4th March 2025.
Trade closed: target reached
Gap up opening with high near 23160 then tank to low near 22855 and close near 22955.
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.