Finnifty Intraday Analysis for 22nd October 2024

Oct 21

CNXFINANCE

Index closed near 23955 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
24000 Strike – 21.67 Lakh
24100 Strike – 16.77 Lakh
24200 Strike – 16.75 Lakh

Put Writing
23400 Strike – 16.47 Lakh
23500 Strike – 16.07 Lakh
23700 Strike – 13.18 Lakh

Index has resistance near 24050 - 24100 range and if index crosses and sustains above this level then may reach near 24250 - 24300 range.

Index has immediate support near 23700 – 23650 range and if this support is broken then index may tank near 24500 – 24450 range.

Oct 22

Trade closed: target reached

Open flat with high near 24125 then tank to low near 23665 with close near 23705.