Nifty Financial Services Index
Long
Updated

Finnifty Intraday Analysis for 31st October 2024

CNXFINANCE

Index closed near 24035 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
24500 Strike – 7.54 Lakh
24200 Strike – 5.02 Lakh
24300 Strike – 4.06 Lakh

Put Writing
24000 Strike – 4.00 Lakh
24200 Strike – 2.85 Lakh
23700 Strike – 2.11 Lakh

Index has resistance near 24275 - 24375 range and if index crosses and sustains above this level then may reach near 24500 - 24600 range.

Index has immediate support near 23950 – 23900 range and if this support is broken then index may tank near 23800 – 23750 range.
Trade closed: target reached
Open flat and made high near 24060 then tank to low near 23805 and closed near 23910.

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