Finnifty Intraday Analysis for 16th October 2024

Oct 15

CNXFINANCE

Index closed near 23865 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
24000 Strike – 2.11 Lakh
23900 Strike – 1.38 Lakh
24500 Strike – 0.89 Lakh

Put Writing
23900 Strike – 0.96 Lakh
23800 Strike – 0.72 Lakh
24000 Strike – 0.56 Lakh

Index has resistance near 23950 - 24050 range and if index crosses and sustains above this level then may reach near 24200 - 24250 range.

Index has immediate support near 23750 – 23650 range and if this support is broken then index may tank near 24500 – 24450 range.

Oct 16

Trade closed: target reached

Open flat with low near 23805 then made high near 23985 and closed near 23875.