Finnifty Intraday Analysis for 22nd August 2024
Updated
CNXFINANCE Index closed near 23145 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23200 Strike – 3.33 Lakh
23100 Strike – 3.04 Lakh
23500 Strike – 2.84 Lakh
Put Writing
23000 Strike – 3.55 Lakh
23100 Strike – 3.52 Lakh
23200 Strike – 3.15 Lakh
Index has resistance near 23300 - 23350 range and if index crosses and sustain above 23350 level then may reach near 23500 - 23600 range.
Index has immediate support near 23050 – 23000 range and if this support is broken then index may tank near 22650 – 22550 range.
Trade closed: target reached
Gap up opening but traded below 23300 - 23350 resistance range.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.