Finnifty Intraday Analysis for 7th August 2024

Aug 6

CNXFINANCE

Index closed near 22520 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
23000 Strike – 2.36 Lakh
22800 Strike – 1.13 Lakh
22500 Strike – 1.11 Lakh

Put Writing
22600 Strike – 1.22 Lakh
23000 Strike – 1.16 Lakh
22500 Strike – 1.00 Lakh

Index has immediate support near 22400 level and if this support is broken then index may tank near 22100 – 22000 range.

Index has resistance near 23000 - 23100 range and if index crosses and sustain above 23100 level then may reach near 23250 - 23350 range.

Aug 7

Trade closed: target reached

Gap up opening and closed near 22845 level.