Finnifty Intraday Analysis for 31st July 2024

Jul 30CNXFINANCE

Index closed near 23340 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
23500 Strike – 2.18 Lakh
23400 Strike – 1.88 Lakh
23600 Strike – 1.68 Lakh

Put Writing
23400 Strike – 2.27 Lakh
23000 Strike – 1.70 Lakh
23500 Strike – 1.45 Lakh

Index has resistance near 23600 - 23700 range and if index crosses and sustain above 23700 level then may reach near 23800 - 23900 range.

Index has immediate support near 23200 – 23100 range and if this support is broken then index may tank near 22950 – 22850 range.

Jul 31

Order cancelled

Open flat and traded in narrow range.