Finnifty Intraday Analysis for 30th October 2024

Oct 29

CNXFINANCE

Index closed near 24360 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
24500 Strike – 3.81 Lakh
24300 Strike – 1.78 Lakh
24400 Strike – 1.58 Lakh

Put Writing
24000 Strike – 2.16 Lakh
24300 Strike – 1.72 Lakh
23350 Strike – 1.07 Lakh

Index has resistance near 24450 - 24550 range and if index crosses and sustains above this level then may reach near 24700 - 24750 range.

Index has immediate support near 24150 – 24050 range and if this support is broken then index may tank near 23850 – 23800 range.

Oct 30

Trade closed: target reached

Gap down opening with high near 24310 and tank to low near 23995 with close near 24060.