Finnifty Intraday Analysis for 31st October 2024
Updated
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.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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