Finnifty Intraday Analysis for 18th October 2024
CNXFINANCE Index closed near 23585 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 8.20 Lakh
23900 Strike – 7.45 Lakh
24300 Strike – 5.21 Lakh
Put Writing
23100 Strike – 3.34 Lakh
23000 Strike – 2.82 Lakh
23600 Strike – 2.77 Lakh
Index has resistance near 23850 - 24000 range and if index crosses and sustains above this level then may reach near 24200 - 24250 range.
Index has immediate support near 24500 – 24450 range and if this support is broken then index may tank near 24300 – 24250 range.
Trade closed: target reached
Gap down opening with low near 23430 then bounced and made high near 23990 with close near 23965.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
Disclaimer
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