Finnifty Intraday Analysis for 6th January 2025

Diupdate
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.
Trading ditutup: target tercapai
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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