Finnifty Intraday Analysis for 30th January 2025

CNXFINANCE

Index closed near 23045 level and Maximum Call and Put Writing near CMP as below in January Month contract:

Call Writing
23500 Strike – 3.05 Lakh
23250 Strike – 2.41 Lakh
23000 Strike – 2.35 Lakh

Put Writing
22300 Strike – 2.67 Lakh
22400 Strike – 2.18 Lakh
22700 Strike – 2.00 Lakh

Index has resistance near 23225 - 23275 range and if index crosses and sustains above this level then may reach near 23475 - 23525 range.

Index has immediate support near 22850 – 22800 range and if this support is broken then index may tank near 22650 – 22600 range.
Trade closed: target reached
Gap up opening with low near 23015 then made high near 23195 with close near 23135.

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