Finnifty Intraday Analysis for 17th May 2024

Nifty Financial Services Index (NSE:CNXFINANCE)

NSE:CNXFINANCE Nifty Financial Services Index

supportandresistance supplyanddemand trendline

CNXFINANCE

Maximum Call writing near CMP is at 21500 strike with 7.03 Lakh followed by 6.61 Lakh Call at 21700 Strike and 6.38 Lakh at 21600 strike. Maximum Put writing is at 7.93 Lakh at 21200 strike followed by 5.87 Lakh Put writing at 21300 strike and 4.90 Lakh at 21100 strike. Index closed near 21415 level.

Index may reach near 21500 level and if crosses and sustain above 21500 level then index may reach near 21600 level.

Index has support near 21325 - 21290 level and if this support is broken then index may reach near 22225 level.

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