Finnifty Intraday Analysis for 25th October 2024

Oct 24

CNXFINANCE

Index closed near 23855 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
24100 Strike – 5.23 Lakh
24000 Strike – 4.26 Lakh
23900 Strike – 4.17 Lakh

Put Writing
23700 Strike – 3.79 Lakh
23800 Strike – 3.32 Lakh
23600 Strike – 3.21 Lakh

Index has resistance near 23950 - 24050 range and if index crosses and sustains above this level then may reach near 24250 - 24300 range.

Index has immediate support near 23600 – 23500 range and if this support is broken then index may tank near 24200 – 24100 range.

Oct 25

Trade closed: target reached

Gap up opening with high near 23990 then tanked to low near 23550 and closed near 23780.