Finnifty Intraday Analysis for 25th November 2024
Updated
CNXFINANCE Index closed near 23625 level and Maximum Call and Put Writing near CMP as below in current Monthly contract:
Call Writing
24200 Strike – 6.98 Lakh
24000 Strike – 5.03 Lakh
23800 Strike – 4.04 Lakh
Put Writing
23000 Strike – 5.45 Lakh
23300 Strike – 4.95 Lakh
23100 Strike – 4.14 Lakh
Gap up opening is expected in the event of a better than expected win by BJP in Maharashtra election. Index has resistance near 23900 - 24000 range and if index crosses and sustains above this level then may reach near 242500 - 24350 range.
Downside moments are less likely. However, Index has immediate support near 23450 – 23400 range and if this support is broken then index may tank near 23250 – 23200 range.
Trade closed: target reached
Gap up opening with low near 23930 and made high near 24130 with close near 24060.
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