Finnifty Intraday Analysis for 3rd December 2024

Dec 2

CNXFINANCE

Index closed near 24075 level and Maximum Call and Put Writing near CMP as below in December Month contract:

Call Writing
24000 Strike – 1.41 Lakh
24500 Strike – 0.76 Lakh
24100 Strike – 0.68 Lakh

Put Writing
24000 Strike – 1.66 Lakh
24200 Strike – 0.63 Lakh
24100 Strike – 0.61 Lakh

Index has resistance near 24250 - 24300 range and if index crosses and sustains above this level then may reach near 24450 - 24500 range.

Index has immediate support near 23850 – 23800 range and if this support is broken then index may tank near 23675 – 23625 range.

Dec 3

Trade closed: target reached

Gap up opening with low near 24140 and made high near 24350 with close near 24295.