Finnifty Intraday Analysis for 05th November 2024

Nov 4

CNXFINANCE

Index closed near 23660 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
24000 Strike – 31.30 Lakh
24100 Strike – 25.21 Lakh
24200 Strike – 23.68 Lakh

Put Writing
23000 Strike – 21.05 Lakh
23500 Strike – 15.77 Lakh
23200 Strike – 15.21 Lakh

Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range.

Index has immediate support near 23550 – 23500 range and if this support is broken then index may tank near 23300 – 23200 range.

Nov 5

Trade closed: target reached

Open flat then tank to low near 23420 then bounced and made high near 24175 with close near 24065.