CNXFINANCE Maximum Call writing is at 21600 strike with 22.43 Lakh followed by 21.14 Lakh Call at 21800 Strike. Maximum Put writing is at 23.37 Lakh at 21400 strike followed by 23.11 Put writing at 21600 Strike. The support level is shifting above to 21600 - 21600 range.
As the Maximum Call and Put writing is at 21600 strike and nothing change then index should close near 21600 level on expiry day. However, expected trading range may be 21500 - 21800.
If index crossed above 21650 level and unwinding of Call positions at 21600 and 21700 strike taking place then index may reach near 21800 level. If unwinding do not take place, then index may return near 21600 level.
If Index fall to near 21550 level and Unwinding of Put option taking place at 21600 and 21500 strike then index may touch 21400 level. If unwinding do not take place, then index may return near 21600 level.
Dagangan ditutup: sasaran tercapai
Made high near 21750 then tanked to low near 21635 due to profit booking but closed above support near 21670 level.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.