Finnifty Intraday Analysis for 11th September 2024

Sep 10

CNXFINANCE

Index closed near 23650 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
23700 Strike – 4.78 Lakh
23800 Strike – 2.21 Lakh
24000 Strike –1.89 Lakh

Put Writing
23700 Strike – 3.01 Lakh
23500 Strike – 1.52 Lakh
23600 Strike – 1.50 Lakh

Index has resistance near 23850 - 23900 range and if index crosses and sustains above 23900 level then may reach near 24000 - 24100 range.

Index has immediate support near 23500 – 23450 range and if this support is broken then index may tank near 23350 – 23300 range.

Sep 11

Trade closed: target reached

Gap down opening then made high near 23725 level then tanked to low near 23540 with close near 23625.