Finnifty Intraday Analysis for 22nd January 2025
CNXFINANCE Index closed near 22550 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
23000 Strike – 2.23 Lakh
23800 Strike –0.63 Lakh
23700 Strike – 0.59 Lakh
Put Writing
22000 Strike – 1.28 Lakh
22500 Strike – 1.20 Lakh
23000 Strike – 0.92 Lakh
Index has resistance near 22700 - 22750 range and if index crosses and sustains above this level then may reach near 22900 - 22950 range.
Index has immediate support near 22400 – 22350 range and if this support is broken then index may tank near 22200 – 22150 range.
Volatility expected due uncertainty on the tariff imposition decision by the Trump Administration and any other unaccounted news.
Trade fermée: cible de profit atteinte
Open flat then tank to low near 22365 then bounced and recovered loss with high near 22680 and closed near 22650.
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: 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
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