CNXFINANCE Volatility is expected due to monthly F&O expiry scheduled on 29th Sept 2026. Index is near 25000 support level and bounce from this level is expected otherwise further downside expected. Reversal is expected if the index sustains above 25500 level.
The upward movement may lead the Index to 25200 - 25250 resistance range and if the index crosses and sustains above this level then may reach near 25500 - 25550 range.
On the contrary, The downward moment may drag the to 24700 – 24650 support range and if this support too is broken then index may tank near 24400 – 24350 range.
Trade closed: target reached
Gap down opening with high near 24995 and further tank to low near 24630 with close near 24670.
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
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.