Finnifty Intraday Analysis for 26th November 2024
Updated
CNXFINANCE Index closed near 24060 level and Maximum Call and Put Writing near CMP as below in current Monthly contract:
Call Writing
24700 Strike – 16.40 Lakh
24500 Strike – 15.01 Lakh
24100 Strike – 10.84 Lakh
Put Writing
23500 Strike – 12.18 Lakh
23800 Strike – 9.90 Lakh
24000 Strike – 9.76 Lakh
Index has resistance near 24250 - 24350 range and if index crosses and sustains above this level then may reach near 24500 - 24550 range.
However, Index has immediate support near 23750 – 23650 range and if this support is broken then index may tank near 23400 – 23300 range.
Trade closed: target reached
Gap up opening with high near 24230 then tanked to low near 23955 and close near 24045.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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