Finnifty Intraday Analysis for 9th August 2024
Updated
CNXFINANCE Index closed near 22840 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23000 Strike – 6.69 Lakh
23200 Strike – 4.30 Lakh
22800 Strike – 3.90 Lakh
Put Writing
22800 Strike – 3.74 Lakh
22500 Strike – 2.78 Lakh
22700 Strike – 2.75 Lakh
Index has resistance near 23000 - 23100 range and if index crosses and sustain above 23100 level then may reach near 23250 - 23350 range. Upside moment is less likely to happen.
Index has immediate support near 22600 – 22500 range and if this support is broken then index may tank near 22100 – 22000 range.
Trade closed: target reached
Gap up opening but could not break 23100 resistance and closed below 23000.
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