Finnifty Intraday Analysis for 22nd November 2024

5 days ago

CNXFINANCE

Index closed near 23275 level and Maximum Call and Put Writing near CMP as below in current Monthly contract:

Call Writing
23300 Strike – 3.26 Lakh
23400 Strike – 3.05 Lakh
23500 Strike – 2.73 Lakh

Put Writing
23300 Strike – 3.58 Lakh
23000 Strike – 2.45 Lakh
23100 Strike – 2.20 Lakh

Index has immediate support near 23100 – 23000 range and if this support is broken then index may tank near 22800 – 22750 range.

Index has resistance near 23450 - 23500 range and if index crosses and sustains above this level then may reach near 23700 - 23750 range.

4 days ago

Trade closed: target reached

Gap up opening with low near 23320 and bounced with high near 23675 with close near 23625.