Finnifty Intraday Analysis for 19th August 2024

Aug 18

CNXFINANCE

Index closed near 22975 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
23000 Strike – 13.18 Lakh
23500 Strike – 7.98 Lakh
23200 Strike – 7.71 Lakh

Put Writing
22600 Strike – 7.77 Lakh
22300 Strike – 7.71 Lakh
22700 Strike – 7.63 Lakh

Index has resistance near 23150 - 23250 range and if index crosses and sustain above 23250 level then may reach near 23500 - 23600 range.

Index has immediate support near 22650 – 22500 range and if this support is broken then index may tank near 22150 – 22100 range.

Aug 19

Trade closed: target reached

Gap up opening but could not sustain above 23000 and closed near 22940 level.