Finnifty Intraday Analysis for 6th January 2025

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CNXFINANCE

Index closed near 23735 level and Maximum Call and Put Writing near CMP as below in January Month contract:

Call Writing
24000 Strike – 1.11 Lakh
23900 Strike – 0.57 Lakh
23800 Strike – 0.56 Lakh

Put Writing
24000 Strike – 1.02 Lakh
23800 Strike – 0.85 Lakh
23500 Strike – 0.53 Lakh

Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range.

Index has immediate support near 23600 – 23550 range and if this support is broken then index may tank near 23450 – 23400 range.
Transakcja zamknięta: osiągnięto wyznaczony cel
Gap up opening with high near 23800 and then tank due to HMPV with low near 23245 with close near 23320.
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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