Finnifty Intraday Analysis for 24th October 2024

Oct 23

CNXFINANCE

Index closed near 23750 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
24000 Strike – 3.22 Lakh
24200 Strike – 2.41 Lakh
24100 Strike – 2.17 Lakh

Put Writing
23700 Strike – 2.02 Lakh
23800 Strike – 1.82 Lakh
23500 Strike – 1.62 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 24

Trade closed: target reached

Traded in range between 23730 - 23965 with close near 23870.