Finnifty Intraday Analysis for 20th January 2025

19 Jan

CNXFINANCE

Index closed near 22610 level and Maximum Call and Put Writing near CMP as below in January Month contract:

Call Writing
23000 Strike – 1.45 Lakh
22800 Strike – 0.61 Lakh
22700 Strike – 0.61 Lakh

Put Writing
22500 Strike – 1.12 Lakh
22800 Strike – 1.07 Lakh
23700 Strike – 0.57 Lakh

Index has resistance near 22750 - 22800 range and if index crosses and sustains above this level then may reach near 22900 - 23950 range.

Index has immediate support near 22400 – 22350 range and if this support is broken then index may tank near 22200 – 22150 range.

It is expected that the Index will open with flat to negative sentiment and close red on Monday before Trump assumes office.

20 Jan

Trading ditutup: target tercapai

Gap up opening with low near 22640 and made high near 23025 and closed near 22925.