Finnifty Intraday Analysis for 19th November 2024

yesterday

CNXFINANCE

Index closed near 23260 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
23500 Strike – 20.45 Lakh
23400 Strike – 17.59 Lakh
23800 Strike – 17.55 Lakh

Put Writing
23000 Strike – 19.28 Lakh
23100 Strike – 16.19 Lakh
22800 Strike – 15.07 Lakh

Index has immediate support near 23000 – 22900 range and if this support is broken then index may tank near 22800 – 22700 range.

Index has resistance near 23450 - 23500 range and if index crosses and sustains above this level then may reach near 23700 - 23750 range.

7 hours ago

Trade closed: target reached

Gap up opening and made high near 23465 and then tank due to Fresh Ukraine Russia war escalation and made low near 23315.