Finnifty Intraday Analysis for 26th July 2024

Jul 25

CNXFINANCE

Index closed near 23050 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
23800 Strike – 8.43 Lakh
24000 Strike – 8.02 Lakh
23500 Strike – 6.64 Lakh

Put Writing
22200 Strike – 6.20 Lakh
23000 Strike – 3.94 Lakh
22500 Strike – 3.76 Lakh

Index has resistance near 23100 - 23200 range and if index crosses and sustain above 23225 level then may reach near 23400 level. If index further crosses and sustain above 23400 then may reach near 23650 level.

Index has immediate support near 22850 – 22800 range and if this support is broken then index may tank near 22600 – 22500 range.

Jul 26

Trade closed: target reached

Gap down opening with low near 22935 level and bounced and broked 23200 resistance and closed near 23340 level.