Finnifty Intraday Analysis for 12th December 2024

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CNXFINANCE

Index closed near 24805 level and Maximum Call and Put Writing near CMP as below in December Month contract:

Call Writing
25000 Strike – 2.58 Lakh
24800 Strike – 1.16 Lakh
24700 Strike – 1.09 Lakh

Put Writing
24800 Strike – 1.25 Lakh
24700 Strike – 1.17 Lakh
24500 Strike – 0.75 Lakh

Index has resistance near 24900 - 24950 range and if index crosses and sustains above this level then may reach near 25100 - 25150 range.

Index has immediate support near 24700 – 24650 range and if this support is broken then index may tank near 24550 – 24500 range.
Trade fermée: cible de profit atteinte
Open flat and made high near 24860 then tanked to low near 24695 with close near 24725.
Supply and DemandSupport and ResistanceTrend Lines

Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.

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