Finnifty Intraday Analysis for 08th November 2024
Updated
CNXFINANCE Index closed near 23965 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24500 Strike – 7.07 Lakh
24200 Strike – 6.51 Lakh
24300 Strike – 4.36 Lakh
Put Writing
23900 Strike – 4.28 Lakh
23500 Strike – 3.85 Lakh
24000 Strike –3.35 Lakh
Index has resistance near 24250 - 22300 range and if index crosses and sustains above this level then may reach near 24500 - 24600 range.
Index has immediate support near 23850 – 23800 range and if this support is broken then index may tank near 23600 – 23500 range.
Trade closed: target reached
Flat opening and made high near 24035 then tanked to low near 23800.
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