Finnifty Intraday Analysis for 01st November 2024
Updated
CNXFINANCE Index closed near 23880 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24300 Strike – 12.21 Lakh
24200 Strike – 10.32 Lakh
24000 Strike – 9.56 Lakh
Put Writing
23500 Strike – 6.47 Lakh
23600 Strike – 5.79 Lakh
23900 Strike – 5.49 Lakh
It is expected that the Index will be in a narrow range on Muhurat Trading Day.
Index has resistance near 24050 - 24100 range and if index crosses and sustains above this level then may reach near 24200 - 24250 range.
Index has immediate support near 23800 – 23750 range and if this support is broken then index may tank near 23650 – 23600 range.
Trade closed: target reached
Gap up opening with high near 24020 and profit booking drag to close near 23950.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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