Finnifty Intraday Analysis for 17th September 2024

Sep 16

CNXFINANCE

Index closed near 23990 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
24500 Strike – 25.58 Lakh
24000 Strike – 24.98 Lakh
24200 Strike – 19.82 Lakh

Put Writing
23500 Strike – 21.72 Lakh
23800 Strike – 19.05 Lakh
23600 Strike – 17.97 Lakh

Index has resistance near 24000 - 24100 range and if index crosses and sustains above 24100 level then may reach near 24300 - 24350 range.

Index has immediate support near 23900 – 23840 range and if this support is broken then index may tank near 23750 – 23700 range.

Sep 17

Order cancelled

Open flat and traded in narrow range.