Finnifty Intraday Analysis for 07th November 2024

6 days ago

CNXFINANCE

Index closed near 24180 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
24200 Strike – 3.76 Lakh
24500 Strike – 2.90 Lakh
24400 Strike – 2.78 Lakh

Put Writing
24200 Strike – 3.41 Lakh
24000 Strike – 2.56 Lakh
23800 Strike –2.06 Lakh

Index has resistance near 24375 - 22425 range and if index crosses and sustains above this level then may reach near 24650 - 24700 range.

Index has immediate support near 23900 – 23800 range and if this support is broken then index may tank near 23600 – 23500 range.

5 days ago

Trade closed: target reached

Open flat with high near 24195 then tanked to low near 23870 with close near 23955.