Finnifty Intraday Analysis for 17th February 2025

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CNXFINANCE

Index closed near 23185 level and Maximum Call and Put Writing near CMP as below in February Month contract:

Call Writing
23500 Strike – 1.10 Lakh
23200 Strike – 0.70 Lakh
23400 Strike – 0.63 Lakh

Put Writing
23000 Strike – 1.25 Lakh
23500 Strike – 0.93 Lakh
23400 Strike – 0.53 Lakh

Index has resistance near 23300 - 23350 range and if index crosses and sustains above this level then may reach near 23500 - 23550 range.

Index has immediate support near 23050 – 23000 range and if this support is broken then index may tank near 22850 – 22800 range.
Trade closed: target reached
Gap down opening and made low near 22960 then bounced and made high near 23295 and closed near 23270.

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