Finnifty Intraday Analysis for 21st November 2024

20 hours ago

CNXFINANCE

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

Call Writing
23500 Strike – 1.06 Lakh
23400 Strike – 0.94 Lakh
23800 Strike – 0.93 Lakh

Put Writing
23400 Strike – 0.82 Lakh
23500 Strike – 0.65 Lakh
23300 Strike – 0.50 Lakh

Index has immediate support near 23100 – 23000 range and if this support is broken then index may tank near 22800 – 22750 range.

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

1 hour ago

Trade closed: target reached

Open flat then tanked to low near 23095 then bounced to high near 23365 and closed near 23275.