Finnifty Intraday Analysis for 2nd January 2025

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CNXFINANCE

Index closed near 23620 level and Maximum Call and Put Writing near CMP as below in January Month contract:

Call Writing
24000 Strike – 0.61 Lakh
23500 Strike – 0.54 Lakh
23600 Strike – 0.39 Lakh

Put Writing
23500 Strike – 0.73 Lakh
23600 Strike – 0.32 Lakh
23700 Strike – 0.31 Lakh

Index has resistance near 23700 - 23750 range and if index crosses and sustains above this level then may reach near 23850 - 23900 range.

Index has immediate support near 23450 – 23400 range and if this support is broken then index may tank near 23250 – 23200 range.
Сделка закрыта: достигнута тейк-профит цена
Open flat with low near 23635 and made high near 24045 with close near 24005.
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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