Finnifty Intraday Analysis for 06th May 2026

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CNXFINANCE

Index has resistance near 26000 - 26050 range and if index crosses and sustains above this level then may reach near 26350 - 26400 range.

Support is expected near 25400 – 25350 range and if this support is broken then index may tank near 25050 – 25000 range.

The market is waiting for a definitive resolution to the West Asia conflict. Any upward movement is expected to face profit-booking until there is greater clarity.
Operación cerrada: objetivo alcanzado
Gap up opening and made low near 25830 then bounced to high near 26450 on news of consensum between US and Iran to end war with close near 26395.

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