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RKMAURYA

Finnifty Intraday Analysis for 2nd 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 of 3.38 Lakh is at 21900 strike followed by 2.52 Lakh at 22200 Strike and 2.18 Lakh at 22000 strike and Put writing of 3.56 Lakh at 21900 Strike followed by 2.93 Lakh at 21800 Strike and 2.14 Lakh at 21500 strike. Index is closed near 21840.

US FOMC outcome will be declared on 1st May which is Holiday here and reaction will be seen on 2nd May on India Market.

If US FOMC commentary is positive, then index may reach near 22200 level. if FOMC commentary is negative then index may tank to near 21580 - 21490 level.
Comment:
Open flat but could not break 22000 resistance level.
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