Finnifty Intraday Analysis for 04th October 2024

2 days ago

CNXFINANCE

Index closed near 23880 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
24500 Strike – 8.99 Lakh
24200 Strike – 5.01 Lakh
24000 Strike – 4.79 Lakh

Put Writing
23900 Strike – 3.22 Lakh
23500 Strike – 2.93 Lakh
24000 Strike – 2.65 Lakh

Index has resistance near 24100 - 24200 range and if index crosses and sustains above 24200 level then may reach near 24400 - 2450 range.

Index has immediate support near 23800 – 24700 range and if this support is broken then index may tank near 23500 – 23400 range.

2 days ago

Trade closed: target reached

Open flat and made high near 24035 and then tanked to low near 23560 with close near 23660.