Finnifty Intraday Analysis for 28th October 2024
Updated
CNXFINANCE Index closed near 23735 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24100 Strike – 13.00 Lakh
24000 Strike – 9.62 Lakh
23900 Strike – 5.87 Lakh
Put Writing
23600 Strike – 6.02 Lakh
23000 Strike – 5.29 Lakh
23500 Strike – 4.85 Lakh
Index has resistance near 23950 - 24050 range and if index crosses and sustains above this level then may reach near 24250 - 24300 range.
Index has immediate support near 23600 – 23500 range and if this support is broken then index may tank near 23200 – 23100 range.
Trade closed: target reached
Gap up opening with high near 24035 with close near 23885.
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