Finnifty Intraday Analysis for 05th September 2024
Updated
CNXFINANCE Index closed near 23835 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 5.91 Lakh
23800 Strike – 5.07 Lakh
23900 Strike – 4.41 Lakh
Put Writing
23700 Strike – 6.95 Lakh
23800 Strike – 5.95 Lakh
23400 Strike – 2.55 Lakh
Index has resistance near 23950 - 24000 range and if index crosses and sustain above 24000 level then may reach near 24250 - 24300 range.
Index has immediate support near 23750 – 23700 range and if this support is broken then index may tank near 23600 – 23550 range.
Trade closed: target reached
Gap up opening and traded in range between 23920 - 23830.
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